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Valaris Limited reported a contract backlog of approximately $4.6 billion as of August 5, 2026, with new awards and…
VAL-WTValaris Ltd
Valaris Limited reported a contract backlog of approximately $4.6 billion as of August 5, 2026, with new awards and extensions adding over $160 million since May 4, 2026. The company sold jackups VALARIS 104 and 109 for total cash proceeds of $74 million. Operations resumed for VALARIS 110 in Qatar after suspension due to Middle East conflicts, while VALARIS 116 is expected to recommence its bareboat charter with ARO Drilling in the third quarter of 2026. Valaris operates in the offshore drilling industry.