Valaris secures $364M 850-day drillship contract; backlog rises to $3.04B

Valaris Ltd

12-well contract offshore West Africa for VALARIS DS-7 valued at ~$364M; reactivation in Spain.
VALARIS DPS-5 awarded two contracts in U.S. GOM with Occidental and Apache starting Aug/Oct 2023.
Jackup VALARIS 107 contracted in Australia at $150,000/day; follow-on 1-year Esso deal.
Total contract backlog $3.04B as of Aug 1, up from $2.67B in prior report.
Purchase options for DS-14 ($218M) and DS-13 ($119M) expiring year-end 2023.

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