en.Wedoany.com Reported - U.S. offshore drilling company Valaris has secured a series of new contracts and extensions for its jackup rigs. The 400-foot jackup rig Valaris 115 has been awarded a two-year contract extension with Brunei Shell Petroleum, with work commencing in April 2027, expected to add approximately $78 million to the backlog.

In the North Sea, Valaris 122 has secured a 123-day contract extension with Adura for accommodation support services, starting in May 2026, contributing approximately $14 million. The same rig has also been awarded a two-well drilling contract with INEOS, scheduled to begin in September with an estimated duration of 162 days at a dayrate of $115,000, with additional options that could extend the project by up to 825 days. Valaris 248 has signed a 74-day contract extension with GE Vernova to support offshore wind projects, adding over $5 million. Valaris 123 has secured a 123-day contract extension with TAQA in the Dutch North Sea at a dayrate of $80,000.

In Southeast Asia, Valaris 106 commenced a one-well operation with Medco Energi in Indonesian waters in April, with a minimum duration of 45 days and an estimated value of $5.4 million. The steady flow of work has pushed Valaris' contract backlog to approximately $4.9 billion.

The company continues to streamline its fleet. The semisubmersible rig Valaris DPS-1 has been sold for recycling, after being idle in Malaysia following the completion of its operations offshore Australia. Following this disposal, Valaris is left with only one semisubmersible rig, Valaris MS-1. In February 2026, Transocean agreed to acquire Valaris in an all-stock transaction valued at $5.8 billion.

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