Valaris wins over $160 million in new contracts, lifts backlog to $4.6 billion

Reuters2026/08/05 22:28

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Valaris won new contracts and extensions worth more than USD 160 million in added backlog since May 4.
Total contract backlog reached about USD 4.6 billion as of Aug. 5.
Valaris 248 secured a 1,080-day UK North Sea plug-and-abandonment job starting mid-2027, adding about USD 140 million in backlog.
Valaris 248 also received a 101-day UK North Sea extension for offshore wind accommodation support, adding about USD 7.5 million.
Valaris DS-18 received a two-well letter of award for up to seven months from Q4 2026; excluded from backlog.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Valaris Ltd. published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0000314808-26-000139), on August 05, 2026, and is solely responsible for the information contained therein.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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Valaris wins over $160 million in new contracts, lifts backlog to $4.6 billion

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