{"schema_version":"secwatch.filing_event.v1","accession":"0000314808-24-000116","form_type":"8-K","ticker":"VAL","cik":"0000314808","company_name":"Valaris Ltd","filed_at":"2024-07-30T23:59:59+00:00","discovered_at":"2026-05-14T18:03:15.476215+00:00","generated_at":"2026-05-31T15:28:55.050431+00:00","sec_items":["7.01","9.01"],"event_type":"other_material","sentiment":"neutral","materiality_score":0.8,"calibrated_materiality_score":0.8,"confidence":"high","headline":"Valaris awards $715M in new contracts; backlog rises to $4.3B; Saudi suspensions for 2 rigs","bullets":["New contracts and extensions since Apr 30 increase backlog to ~$4.3B from ~$4.0B; new contract backlog of ~$715M.","Equinor drillship contract for VALARIS DS-17 valued at ~$498M; estimated duration 852 days starting 3Q25.","Multiple jackup awards: Valaris 92 (~$75M, UK P&A), Valaris 249 (~$66M, Shell Trinidad), Valaris Norway (~$39M, ENI UK), others.","Suspension notices received for Valaris 147 and 148 (leased to ARO) from Saudi Aramco; backlog impact ~$35M for Valaris, $113M for ARO. Discussions ongoing.","North Oil Company exercised one-year option for Valaris 110 at ~$26M; Valaris 123 option exercised at $152.5k day rate."],"urls":{"canonical":"https://secwatch.observer/filing/0000314808-24-000116","json":"https://secwatch.observer/filing/0000314808-24-000116.json","markdown":"https://secwatch.observer/filing/0000314808-24-000116.md","text":"https://secwatch.observer/filing/0000314808-24-000116.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/314808/000031480824000116/0000314808-24-000116-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/314808/000031480824000116/val-20240729.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-31T15:28:55.050431+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}