Valaris Announces Two-Year Contract Award for Drillship VALARIS DS-10
Valaris (NYSE: VAL) has secured a significant two-year contract for its drillship VALARIS DS-10 offshore West Africa. The contract, valued at $352 million for the firm term, is expected to commence in late Q2 or Q3 2026. The agreement includes two additional one-year unpriced extension options.
The contract value excludes the provision of additional services. President and CEO Anton Dibowitz highlighted that this award reflects the excellent safety and operational performance record of VALARIS DS-10 and its crews in West African operations. The contract adds approximately $350 million to the company's backlog, supporting future earnings and cash flow.
Valaris (NYSE: VAL) ha ottenuto un significativo contratto biennale per la sua nave da perforazione VALARIS DS-10 al largo dell'Africa occidentale. Il contratto, del valore di 352 milioni di dollari per il termine fisso, dovrebbe iniziare alla fine del secondo trimestre o nel terzo trimestre del 2026. L'accordo include due opzioni di estensione non prezzate di un anno.
Il valore del contratto esclude la fornitura di servizi aggiuntivi. Il presidente e CEO Anton Dibowitz ha sottolineato che questo riconoscimento riflette l'eccellente record di sicurezza e prestazioni operative del VALARIS DS-10 e dei suoi equipaggi nelle operazioni in Africa occidentale. Il contratto aggiunge circa 350 milioni di dollari al portafoglio dell'azienda, supportando i futuri guadagni e il flusso di cassa.
Valaris (NYSE: VAL) ha asegurado un importante contrato de dos años para su barco de perforación VALARIS DS-10 en alta mar, frente a la costa de África Occidental. El contrato, valorado en 352 millones de dólares para el plazo fijo, se espera que comience a finales del segundo trimestre o en el tercer trimestre de 2026. El acuerdo incluye dos opciones de extensión no valoradas de un año.
El valor del contrato excluye la provisión de servicios adicionales. El presidente y CEO Anton Dibowitz destacó que este premio refleja el excelente historial de seguridad y rendimiento operativo del VALARIS DS-10 y sus tripulaciones en las operaciones en África Occidental. El contrato agrega aproximadamente 350 millones de dólares a la cartera de la empresa, apoyando las ganancias y el flujo de efectivo futuros.
발라리스 (NYSE: VAL)는 서아프리카 해역에서 VALARIS DS-10 시추선에 대한 중요한 2년 계약을 체결했습니다. 이 계약은 고정 기간 동안 3억 5200만 달러의 가치가 있으며, 2026년 2분기 말 또는 3분기에 시작될 것으로 예상됩니다. 계약에는 추가로 가격이 책정되지 않은 1년 연장 옵션이 두 개 포함되어 있습니다.
계약 금액은 추가 서비스 제공을 포함하지 않습니다. 사장 겸 CEO인 안톤 디보위츠는 이번 계약이 VALARIS DS-10과 그 승무원이 서아프리카에서 보여준 뛰어난 안전성과 운영 성과를 반영한다고 강조했습니다. 이 계약은 회사의 백로그에 약 3억 5000만 달러를 추가하여 향후 수익과 현금 흐름을 지원합니다.
Valaris (NYSE: VAL) a obtenu un contrat significatif de deux ans pour son navire de forage VALARIS DS-10 au large de l'Afrique de l'Ouest. Le contrat, d'une valeur de 352 millions de dollars pour la durée ferme, devrait commencer à la fin du deuxième trimestre ou au troisième trimestre de 2026. L'accord comprend deux options d'extension d'un an sans prix.
La valeur du contrat exclut la fourniture de services supplémentaires. Le président et CEO Anton Dibowitz a souligné que cette attribution reflète l'excellent bilan de sécurité et de performance opérationnelle du VALARIS DS-10 et de ses équipages dans les opérations en Afrique de l'Ouest. Le contrat ajoute environ 350 millions de dollars au carnet de commandes de l'entreprise, soutenant les bénéfices futurs et le flux de trésorerie.
Valaris (NYSE: VAL) hat einen bedeutenden Zwei-Jahres-Vertrag für sein Bohrschiff VALARIS DS-10 vor der Küste Westafrikas gesichert. Der Vertrag, der auf 352 Millionen Dollar für die feste Laufzeit geschätzt wird, soll Ende des zweiten Quartals oder im dritten Quartal 2026 beginnen. Die Vereinbarung umfasst zwei zusätzliche einjährige, nicht bepreiste Verlängerungsoptionen.
Der Vertragswert schließt die Bereitstellung zusätzlicher Dienstleistungen aus. Präsident und CEO Anton Dibowitz hob hervor, dass diese Auszeichnung die hervorragende Sicherheits- und Betriebsleistung des VALARIS DS-10 und seiner Besatzungen in den westafrikanischen Operationen widerspiegelt. Der Vertrag fügt dem Auftragsbestand des Unternehmens etwa 350 Millionen Dollar hinzu und unterstützt zukünftige Erträge und Cashflow.
- Secured substantial $352 million two-year contract
- Two additional one-year extension options included
- $350 million increase to company's backlog
- Strengthens future earnings and cash flow visibility
- Contract start delayed until 2026
- Extension options are unpriced, creating future revenue uncertainty
President and Chief Executive Officer Anton Dibowitz said, “This contract award is a testament to the safety and operational performance of VALARIS DS-10 and its crews, which have an excellent track record of successfully executing clients’ well programs offshore
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
Cautionary Statements
Statements contained in this press release that are not historical facts are forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Forward-looking statements include words or phrases such as "anticipate," "believe," "estimate," "expect," "intend," "likely," "outlook," "plan," "project," "could," "may," "might," "should," "will" and similar words and specifically include statements regarding expected financial performance; expected utilization, day rates, revenues, operating expenses, cash flows, contract status, terms and duration, contract backlog, capital expenditures, insurance, financing and funding; the offshore drilling market, including supply and demand, customer drilling programs and the attainment of requisite permits for such programs, stacking of rigs, effects of new rigs on the market and effect of the volatility of commodity prices; expected work commitments, awards, contracts and letters of intent; scheduled delivery dates for rigs; performance and expected benefits of our joint ventures, including our joint venture with Saudi Aramco; timing of the delivery of the Saudi Aramco Rowan Offshore Drilling Company ("ARO") newbuild rigs and the timing of additional ARO newbuild orders; the availability, delivery, mobilization, contract commencement, availability, relocation or other movement of rigs and the timing thereof; rig reactivations; suitability of rigs for future contracts; divestitures of assets; general economic, market, business and industry conditions, including inflation and recessions, trends and outlook; general political conditions, including political tensions, conflicts and war; cybersecurity attacks and threats; uncertainty around the use and impacts of artificial intelligence applications; impacts and effects of public health crises, pandemics and epidemics; future operations; ability to renew expiring contracts or obtain new contracts; increasing regulatory complexity; targets, progress, plans and goals related to sustainability matters; the outcome of tax disputes; assessments and settlements; and expense management. The forward-looking statements contained in this press release are subject to numerous risks, uncertainties and assumptions that may cause actual results to vary materially from those indicated, including cancellation, suspension, renegotiation or termination of drilling contracts and programs; our ability to obtain financing, service our debt, fund capital expenditures and pursue other business opportunities; adequacy of sources of liquidity for us and our customers; future share repurchases; actions by regulatory authorities, or other third parties; actions by our security holders; internal control risk; commodity price fluctuations and volatility, customer demand, loss of a significant customer or customer contract, downtime and other risks associated with offshore rig operations; adverse weather, including hurricanes; changes in worldwide rig supply, including as a result of reactivations and newbuilds; and demand, competition and technology; supply chain and logistics challenges; consumer preferences for alternative fuels and forecasts or expectations regarding the global energy transition; increased scrutiny of our sustainability targets, initiatives and reporting and our ability to achieve such targets or initiatives; changes in customer strategy; future levels of offshore drilling activity; governmental action, civil unrest and political and economic uncertainties, including recessions, volatility affecting the banking system and financial markets, inflation, tariffs and adverse changes in the level of international trade activity; terrorism, piracy and military action; risks inherent to shipyard rig reactivation, upgrade, repair, maintenance or enhancement; our ability to enter into, and the terms of, future drilling contracts; suitability of rigs for future contracts; the cancellation of letters of intent or letters of award or any failure to execute definitive contracts following announcements of letters of intent, letters of award or other expected work commitments; the outcome of litigation, legal proceedings, investigations or other claims or contract disputes; governmental regulatory, legislative and permitting requirements affecting drilling operations; the use of artificial intelligence by us, third-party service providers or our competitors; our ability to attract and retain skilled personnel on commercially reasonable terms; environmental or other liabilities, risks or losses; compliance with our debt agreements and debt restrictions that may limit our liquidity and flexibility, including in any return of capital plans; cybersecurity risks and threats; and changes in foreign currency exchange rates. In addition to the numerous factors described above, you should also carefully read and consider "Item 1A. Risk Factors" in Part I and "Item 7. Management's Discussion and Analysis of Financial Condition and Results of Operations" in Part II of our most recent annual report on Form 10-K, which is available on the Securities and Exchange Commission's website at www.sec.gov or on the Investor Relations section of our website at www.valaris.com. Each forward-looking statement speaks only as of the date of the particular statement, and we undertake no obligation to update or revise any forward-looking statements, except as required by law.
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+1-713-979-4632
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Source: Valaris Limited
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