Valaris wins over $160 million in new contracts, lifts backlog to $4.6 billion
Reuters2026/08/05 22:28- 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: 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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