• Valaris published a Regulation FD presentation with a Fleet Status Report dated May 4, 2026.
• New contracts, extensions, or other updates since Feb. 17, 2026 added about USD 560 million of contract backlog; total backlog rose to about USD 4.9 billion from about USD 4.7 billion.
• Largest award was a 1,064-day drillship DS-4 extension with Petrobras offshore Brazil expected to start November 2027, adding about USD 447 million of backlog; day-rate adjustment on remaining term reduced backlog by about USD 21 million.
• Jackup awards included a two-year extension for Valaris 115 with Brunei Shell Petroleum starting April 2027 worth about USD 78 million; Valaris 122 added a 123-day UK North Sea accommodation extension worth about USD 14 million.
• Fleet updates included sale of semisubmersible DPS-1 for recycling in April 2026; completion of planned shipyard projects for Valaris 116 and 250 delayed with bareboat charters expected to resume in Q3 2026.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Valaris Ltd. published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0000314808-26-000098), on May 04, 2026, and is solely responsible for the information contained therein.