---
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"
generated_at: "2026-05-26T17:45:19.668708+00:00"
event_type: "other_material"
sentiment: "negative"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

# Valaris backlog drops to $3.6B; new awards add ~$120M; retires three rigs, sells jackup for $24M

## Summary
- 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.

## SEC filing metadata
- 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
- event_type: other_material
- sentiment: negative
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 7.01, 9.01
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000314808-25-000020
- JSON: https://secwatch.observer/filing/0000314808-25-000020.json
- Plain text: https://secwatch.observer/filing/0000314808-25-000020.txt

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