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Blogs forMay 6th, 2026

Valaris Backlog Reaches $4.9 billion

Valaris added about $560 million through new rig contracts and extensions, raising total backlog to around $4.9 billion after recent drillship and jack-up awards.

Valaris Sells DPS-1 for Recycling

Valaris has sold Valaris DPS-1 for recycling after the 10,000-ft semisubmersible was stacked in Malaysia following its release from work offshore Australia.

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