---
schema_version: "secwatch.filing_event.v1"
accession: "0000314808-26-000018"
form_type: "8-K"
ticker: "VAL"
cik: "0000314808"
company_name: "Valaris Ltd"
filed_at: "2026-02-17T23:59:59+00:00"
generated_at: "2026-05-16T02:36:28.108360+00:00"
event_type: "other_material"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0000314808-26-000018
- form_type: 8-K
- ticker: VAL
- cik: 0000314808
- company_name: Valaris Ltd
- filed_at: 2026-02-17T23:59:59+00:00
- event_type: other_material
- sentiment: positive
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/314808/000031480826000018/0000314808-26-000018-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/314808/000031480826000018/val-20260217.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000314808-26-000018
- JSON: https://secwatch.observer/filing/0000314808-26-000018.json
- Plain text: https://secwatch.observer/filing/0000314808-26-000018.txt

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