Valaris Limited reports $257M in new contracts and backlog drops to $4.1B

Valaris Ltd

New contracts and extensions added approximately $257 million to backlog since July 2024.
Total contract backlog decreased to about $4.1 billion from $4.3 billion.
BP exercised a three-year extension for jackup VALARIS 118 offshore Trinidad valued at $168 million.
Eni exercised a 300-day extension for jackup VALARIS 117 in Mexico valued at $36 million.
Contracts for jackups VALARIS 147 and 148 were suspended and later terminated; rigs returned to Valaris.

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