Valaris Announces Multi-Year Contract Award for Drillship VALARIS DS-4
Valaris Limited Common Shares (VAL)
Last valaris limited common shares earnings: 4/29 09:50 pm
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Source: Business Wire
HAMILTON, Bermuda--(BUSINESS WIRE)--Valaris Limited (NYSE: VAL) (“Valaris” or the “Company”) announced today that it has been awarded a 1,064-day contract extension with Petrobras offshore Brazil for drillship VALARIS DS-4. The extension is expected to commence in November 2027 in direct continuation of the existing program and will add approximately $447 million to contract backlog.In conjunction with the extension, the day rate for the remainder of the existing contract has been adjusted, reducing contract backlog from April 1, 2026 to November 2027 by approximately $21 million.President and Chief Executive Officer Anton Dibowitz said, “We are pleased to extend our long-standing partnership with Petrobras in Brazil, which remains the largest source of deepwater demand globally. This contract extension secures continuous work for DS-4 into 2030, supporting future earnings and cash flow.”About Valaris LimitedValaris Limited (NYSE: VAL) is an industry leader in offshore drilling se
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- Unpacking Q4 Earnings: Valaris (NYSE:VAL) In The Context Of Other Oilfield Services Stocks [Yahoo! Finance]Yahoo! Finance
VAL
Earnings
- 2/19/26 - Beat
VAL
Sec Filings
- 4/9/26 - Form 4
- 4/9/26 - Form 4
- 4/9/26 - Form 4
- VAL's page on the SEC website