Posted on December 15, 2025
HAMILTON, Bermuda — Valaris Limited (NYSE: VAL) (“Valaris” or the “Company”) announced today that it has been awarded a multi-year contract with Shell offshore Brazil for drillship VALARIS DS-8. The contract is expected to commence in the first quarter of 2027, with an estimated duration of approximately 800 days and a total contract value of approximately $300 million. The contract also includes options with a total estimated duration of approximately one year.
President and Chief Executive Officer Anton Dibowitz said, “We are pleased to have been selected by Shell to provide drilling services on the Orca project, demonstrating both their confidence in Valaris to deliver complex deepwater drilling solutions and the growing IOC interest in developments offshore Brazil. We continue to successfully execute our commercial strategy, with over $2.5 billion of backlog secured year to date to support future earnings and cash flow.”
About Valaris Limited
Valaris Limited (NYSE: VAL) is the industry leader in offshore drilling services across all water depths and geographies. Operating a high-quality rig fleet of ultra-deepwater drillships, versatile semisubmersibles and modern shallow-water jackups, Valaris has experience operating in nearly every major offshore basin. Valaris maintains an unwavering commitment to safety, operational excellence, and customer satisfaction, with a focus on technology and innovation. Valaris Limited is a Bermuda exempted company (Bermuda No. 56245). To learn more, visit our website at www.valaris.com.
Contacts:
Nick Georgas
Vice President – Treasurer and Investor Relations
+1-713-979-4632
Tim Richardson
Director – Investor Relations
+1-713-979-4619
