Valaris adds ~$1.0B in new contracts; backlog rises to $4.2B as of April 30, 2025

Valaris Ltd

Two-year contract for VALARIS DS-10 offshore West Africa with firm TCV of $352M; expected start late Q2/Q3 2026.
Five-year BBC extensions for five jackups leased to ARO Drilling in Saudi Arabia; six-month option for VALARIS DS-9 in Angola.
545-day contract for VALARIS 117 offshore Trinidad and 730-day contract for VALARIS 248 in North Sea.
Contract backlog increased to ~$4.2B from ~$3.6B in Feb 2025; new awards and extensions add ~$1.0B.
Semisubmersibles VALARIS DPS-3, DPS-5, DPS-6 sold for recycling in April 2025 for total proceeds of ~$10M.

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.