President and Chief Executive Officer Anton Dibowitz said, “We are particularly pleased to have secured the award for preservation stacked drillship VALARIS DS-8, for a contract that is expected to generate a meaningful return over the firm contract term, and we remain focused on exercising our operational leverage in a disciplined manner. The total contract value is approximately $26 million. The contract is expected to commence in third quarter 2023. The contract is expected to commence in second quarter 2023.ħ0-day contract with Beach Energy offshore New Zealand for heavy duty modern jackup VALARIS 107. The total contract value is approximately $500 million, including a $30 million mobilization fee.ġ00-day contract with a TotalEnergies affiliate for drillship VALARIS DS-12. The rig will be reactivated for this contract. Three-year contract with Petrobras for drillship VALARIS DS-8. Valaris Limited announced new contracts awarded subsequent to issuing the Company’s most recent fleet status report on February 21, 2023. Join the largest oil and gas community on iOS and Android!
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