Valaris reports $4.6B backlog, new contracts >$160M, sells two stacked jackups for $74M

Valaris Ltd

New contracts and extensions add >$160M to backlog; total backlog $4.6B as of Aug 5, 2026.
Sold stacked jackups VALARIS 104 and 109 for total cash proceeds of $74M in June/July 2026.
Letter of Award for VALARIS DS-18 two-well exploration program in Gulf of America, expected Q4 2026.
VALARIS 248 awarded 41-well P&A contract in UK North Sea, estimated $140M backlog, starting mid-2027.
Middle East rigs remain under contract; VALARIS 110 resumed operations offshore Qatar in late May 2026.

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