---
schema_version: "secwatch.filing_event.v1"
accession: "0000314808-23-000124"
form_type: "8-K"
ticker: "VAL"
cik: "0000314808"
company_name: "Valaris Ltd"
filed_at: "2023-11-01T23:59:59+00:00"
generated_at: "2026-06-09T03:28:24.948475+00:00"
event_type: "other_material"
sentiment: "positive"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0000314808-23-000124
- form_type: 8-K
- ticker: VAL
- cik: 0000314808
- company_name: Valaris Ltd
- filed_at: 2023-11-01T23:59:59+00:00
- event_type: other_material
- sentiment: positive
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/314808/000031480823000124/0000314808-23-000124-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/314808/000031480823000124/val-20231101.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000314808-23-000124
- JSON: https://secwatch.observer/filing/0000314808-23-000124.json
- Plain text: https://secwatch.observer/filing/0000314808-23-000124.txt

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