{"schema_version":"secwatch.filing_event.v1","accession":"0000314808-25-000020","form_type":"8-K","ticker":"VAL","cik":"0000314808","company_name":"Valaris Ltd","filed_at":"2025-02-18T23:59:59+00:00","discovered_at":"2026-05-14T18:03:05.941168+00:00","generated_at":"2026-05-26T17:45:19.668708+00:00","sec_items":["7.01","9.01"],"event_type":"other_material","sentiment":"negative","materiality_score":0.65,"calibrated_materiality_score":0.65,"confidence":"high","headline":"Valaris backlog drops to $3.6B; new awards add ~$120M; retires three rigs, sells jackup for $24M","bullets":["Contract backlog fell to $3.6B from $4.1B as of Oct 30, 2024.","New contracts/extensions (TotalEnergies 600-day >$75M, BP 100-day $16.8M) added ~$120M.","Valaris retired three semisubmersibles (DPS-5, DPS-3, DPS-6); expects removal from global drilling supply.","Sold stacked jackup VALARIS 75 for $24M; future operations restricted to U.S. Gulf.","Short-term bareboat charter extensions for three ARO Drilling jackups through Feb 28, 2025; talks with Saudi Aramco for longer term."],"urls":{"canonical":"https://secwatch.observer/filing/0000314808-25-000020","json":"https://secwatch.observer/filing/0000314808-25-000020.json","markdown":"https://secwatch.observer/filing/0000314808-25-000020.md","text":"https://secwatch.observer/filing/0000314808-25-000020.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/314808/000031480825000020/0000314808-25-000020-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/314808/000031480825000020/val-20250218.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-26T17:45:19.668708+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"}