---
schema_version: "secwatch.filing_event.v1"
accession: "0000314808-23-000113"
form_type: "8-K"
ticker: "VAL"
cik: "0000314808"
company_name: "Valaris Ltd"
filed_at: "2023-08-02T23:59:59+00:00"
generated_at: "2026-06-12T15:12:00.170148+00:00"
event_type: "other_material"
sentiment: "positive"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0000314808-23-000113
- form_type: 8-K
- ticker: VAL
- cik: 0000314808
- company_name: Valaris Ltd
- filed_at: 2023-08-02T23:59:59+00:00
- event_type: other_material
- sentiment: positive
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/314808/000031480823000113/0000314808-23-000113-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/314808/000031480823000113/val-20230801.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000314808-23-000113
- JSON: https://secwatch.observer/filing/0000314808-23-000113.json
- Plain text: https://secwatch.observer/filing/0000314808-23-000113.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.