Valaris Limited announced new contracts and contract extensions with associated contract backlog of approximately $220 million since its previous fleet status report on August 5, 2026. The awards include a two-well exploration contract with PETRONAS Suriname Exploration & Production B.V. for drillship VALARIS DS-18, expected to commence in the fourth quarter of 2026 with a duration of up to seven months. Among the jackup awards, VALARIS 107 secured a new contract offshore Australia with an estimated duration of 300 days and backlog of approximately $50 million, while a multi-well plug and abandonment contract in the Southern North Sea carries estimated contracted revenue backlog of $41.5 million and a commencement window up to December 2030. VALARIS 122 won a contract extension with INEOS for a project in the Danish North Sea at an operating day rate of $115,000, and an amendment to the previously announced VALARIS 72 contract with Eni in the East Irish Sea increases contract backlog by approximately $17 million. A 31-day extension for VALARIS 248 with Seatrium in the UK North Sea added approximately $2.5 million to contracted revenue backlog, and the semisubmersible VALARIS MS-1 and jackup VALARIS 111 were sold for recycling in September 2026.
Valaris LtdValaris won ~$220M in new contracts and extensions, including a PETRONAS Suriname drillship deal and multiple jackup awards, boosting its contract backlog.
Eni S.p.A.
Dalipal Holdings Ltd
