---
schema_version: "secwatch.filing_event.v1"
accession: "0000314808-24-000164"
form_type: "8-K"
ticker: "VAL"
cik: "0000314808"
company_name: "Valaris Ltd"
filed_at: "2024-10-30T23:59:59+00:00"
generated_at: "2026-05-30T08:39:37.312880+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0000314808-24-000164
- form_type: 8-K
- ticker: VAL
- cik: 0000314808
- company_name: Valaris Ltd
- filed_at: 2024-10-30T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/314808/000031480824000164/0000314808-24-000164-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/314808/000031480824000164/val-20241030.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000314808-24-000164
- JSON: https://secwatch.observer/filing/0000314808-24-000164.json
- Plain text: https://secwatch.observer/filing/0000314808-24-000164.txt

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