---
schema_version: "secwatch.filing_event.v1"
accession: "0000314808-25-000113"
form_type: "8-K"
ticker: "VAL"
cik: "0000314808"
company_name: "Valaris Ltd"
filed_at: "2025-07-24T23:59:59+00:00"
generated_at: "2026-05-18T02:44:52.187793+00:00"
event_type: "other_material"
sentiment: "positive"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# Valaris adds >$1B in new contracts; backlog rises to $4.7B; selling jackup for $108M

## Summary
- New contracts and extensions add over $1.0B to backlog since April 30; total backlog reaches ~$4.7B.
- Occidental awards 940-day DS-16 extension and 914-day DS-18 contract in Gulf of America for ~$760M combined.
- DS-15 secures 5-well West Africa contract valued at ~$135M including upfront payments, starting Q3 2026.
- Jackup VALARIS 110 gets 4-year Qatar extension (~$117M); VALARIS 247 sold for ~$108M, close expected 2H25.
- Harbour Energy suspends VALARIS 120; mutual termination of VALARIS 248 contract with Anasuria Hibiscus.

## SEC filing metadata
- accession: 0000314808-25-000113
- form_type: 8-K
- ticker: VAL
- cik: 0000314808
- company_name: Valaris Ltd
- filed_at: 2025-07-24T23:59:59+00:00
- event_type: other_material
- sentiment: positive
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/314808/000031480825000113/0000314808-25-000113-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/314808/000031480825000113/val-20250724.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000314808-25-000113
- JSON: https://secwatch.observer/filing/0000314808-25-000113.json
- Plain text: https://secwatch.observer/filing/0000314808-25-000113.txt

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