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Valaris ( (VAL) ) just unveiled an announcement.
Valaris Limited’s latest Fleet Status Report highlights new contracts and extensions, revealing a contract backlog of approximately $4.1 billion. Notable updates include a six-month option by ExxonMobil for drillship VALARIS DS-9, and a three-year extension with BP for jackup VALARIS 118 valued at $168 million. Additionally, contracts with Saudi Aramco for jackups VALARIS 147 and 148 were terminated, impacting the fleet’s operational dynamics.
Learn more about VAL stock on TipRanks’ Stock Analysis page.
