secwatch.observer — SEC 8-K summary
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Issuer:     Valaris Ltd (VAL)
CIK:        0000314808
Form:       8-K
Filed at:   2024-10-30T23:59:59+00:00
Accession:  0000314808-24-000164
Event type: other_material
Sentiment:  neutral
Materiality: 0.60
Item codes: 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/314808/000031480824000164/0000314808-24-000164-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/314808/000031480824000164/val-20241030.htm
  HTML page:      https://secwatch.observer/filing/0000314808-24-000164

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer