Valaris DS-18

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HAMILTON, Bermuda, June 8, 2021 /PRNewswire/ -- Valaris Limited (NYSE: VAL) announced today that it has been awarded a three-year contract with Chevron in the U.S. Gulf of Mexico for drillship, VALARIS DS-18 (Relentless). The contract is expected to commence in the first quarter of 2022 in direct continuation of the current contract which run from August 2020 to January 2022.

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Valaris Announces Multi-Year Contract Awards for Drillships VALARIS DS-16 and DS-18

Hamilton, Bermuda, July 6, 2025 … Valaris Limited (NYSE: VAL) (“Valaris” or the “Company”) announced today that it has been awarded a 940-day contract extension for drillship VALARIS DS-16, starting in June 2026, and a new 914-day contract for drillship VALARIS DS-18, that is expected to start in mid-fourth quarter 2026, with Anadarko Petroleum Corporation, a wholly-owned subsidiary of Occidental, in the Gulf of America. The combined addition to contracted revenue backlog is approximately $760 million.

President and Chief Executive Officer Anton Dibowitz said, “We’ve secured approximately $1.9 billion in new contract backlog so far this year, reflecting solid execution of our commercial strategy and our ability to deliver safe and efficient operations for our customers. We remain focused on securing additional attractive, long-term contracts for our high-specification assets that will further support our earnings and cash flow.”