---
schema_version: "secwatch.filing_event.v1"
accession: "0000314808-25-000137"
form_type: "8-K"
ticker: "VAL"
cik: "0000314808"
company_name: "Valaris Ltd"
filed_at: "2025-10-23T23:59:59+00:00"
generated_at: "2026-05-17T02:35:57.504300+00:00"
event_type: "other_material"
sentiment: "positive"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# Valaris secures ~$190M in new contracts; backlog $4.5B; sells jackup for $108M

## Summary
- Five-well floater contract with BP for VALARIS DS-12 in Egypt, TCV ~$140M, starts Q2 2026.
- Jackup VALARIS 121 extension with Shell (194 days, >$25M) and VALARIS Norway extension with Ithaca (150 days, ~$18M).
- VALARIS 247 sold for $108M in August 2025.
- Total contract backlog $4.5B as of Oct 23, 2025, with floaters at $2.6B and jackups at $1.3B.
- Out-of-service days planned for several rigs in 2025-2027, impacting Q4 2025 and beyond.

## SEC filing metadata
- accession: 0000314808-25-000137
- form_type: 8-K
- ticker: VAL
- cik: 0000314808
- company_name: Valaris Ltd
- filed_at: 2025-10-23T23:59:59+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/314808/000031480825000137/0000314808-25-000137-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/314808/000031480825000137/val-20251023.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000314808-25-000137
- JSON: https://secwatch.observer/filing/0000314808-25-000137.json
- Plain text: https://secwatch.observer/filing/0000314808-25-000137.txt

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