Valaris adds $560M in new contracts; backlog rises to $4.9B

Valaris Ltd

VALARIS DS-4 extension with Petrobras adds $447M; day rate adjustment reduces existing backlog by $21M.
VALARIS 115 extension with Brunei Shell adds $78M; VALARIS 122 gets multiple extensions worth ~$14M.
VALARIS 110 operations suspended since March 2026; remains contracted to NOC offshore Qatar.
VALARIS 116 and 250 shipyard projects delayed; bareboat charters now expected to resume in Q3 2026.
Semisubmersible VALARIS DPS-1 sold for recycling in April 2026.

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