Valaris adds ~$900M in new contracts; backlog rises to $4.7B

Valaris Ltd

New contracts and extensions added ~$900M to backlog, raising total to ~$4.7B from ~$4.5B.
DS-8 awarded ~$300M multi-year Shell Brazil contract; DS-7 extension ~$125M with Azule Energy.
DS-9 two-year extension with ExxonMobil Angola; VALARIS 106 awarded ~$74M BP Indonesia contract.
VALARIS DPS-1 classified as held for sale for recycling; VALARIS 102 and 145 sold for recycling.
VALARIS 120 contract with Harbour Energy suspended; ~$120M removed from backlog.

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.