Valaris adds ~$480M in contract backlog; total backlog rises to $3.2B

Valaris Ltd

Total backlog grew to $3.2B from $3.0B as of August 2023, driven by new awards and extensions.
VALARIS DS-15 secured 250-day extension with TotalEnergies offshore Brazil; firm value $100M plus up to $210M in priced options.
Petrobras exercised 6-month option on VALARIS DS-4 at ~$41M; ExxonMobil extended VALARIS DS-9 for 6 months in Angola.
VALARIS DPS-5 won 2-well contract with Eni Mexico at $345,000/day plus $3M mobilization fee.
Eni awarded VALARIS 72 a 55-well P&A contract in UK East Irish Sea with ~4-year duration and indexed day rate.

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