Valaris Announces Contract Awards and Fleet Status Updates
Valaris announced roughly $220 million in new contract backlog across multiple rig awards and extensions since its August 5 fleet report. Key wins include a two-well drillship contract with PETRONAS in Suriname, a ~$50 million jackup award offshore Australia, a ~$41.5 million North Sea plug-and-abandonment award, and a VALARIS 122 extension with INEOS at a $115,000 day rate. The company also sold the VALARIS MS-1 and VALARIS 111 rigs for recycling in September 2026.
Key figures
- Valaris 107 backlog
- $50 million
- New contract backlog
- $220 million
- Valaris 122 day rate
- $115,000
- North sea p and a backlog
- $41.5 million
- Valaris 122 extension days
- 126
- Valaris 248 extension backlog
- $2.5 million
- Valaris 72 amendment backlog increase
- $17 million
AI analysis
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