Valaris has added more than $160 million in contracted revenue backlog through new work for VALARIS DS-18, VALARIS 248 and VALARIS 123, taking total backlog to about $4.6 billion.
Valaris 249 completed a two-well workover and completion campaign for BP offshore Trinidad nearly 17 days early. The rig is due for maintenance before starting work for Shell in October 2026.
Transocean’s $5.8 billion all-stock merger with Valaris is under extended US antitrust review after the Department of Justice requested additional information.
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 has sold Valaris DPS-1 for recycling after the 10,000-ft semisubmersible was stacked in Malaysia following its release from work offshore Australia.
Halliburton, PETRONAS Suriname and Valaris have formed a strategic collaboration in Suriname to improve early alignment across subsurface work, well planning and offshore drilling execution.
Petrobras has extended the offshore Brazil assignment for Valaris DS-4 by 1,064 days. The award adds about $447 million to Valaris backlog and keeps the drillship committed through 2030.
Valaris reported nearly $900 million in new awards and extensions, lifting backlog to about $4.7 billion in its 17 February 2026 fleet status update across drillships and jackups.
Valaris Limited has signed a multi-year $300 million contract with Shell for the drillship VALARIS DS-8 on the Orca project offshore Brazil, with operations starting in Q1 2027.
