Valaris signs two-year contract for VALARIS DS-10 drillship

Valaris was awarded a two-year contract offshore West Africa for drillship VALARIS DS-10. The contract is expected to commence late in Q2/Q3 2026. The total contract value for the firm term is $352 million, and does not include the provision of additional services. The contract includes two unpriced options, each with a duration of one year.

“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 West Africa,” said Anton Dibowitz, Valaris President and CEO. “This contract increases our backlog by approximately $350 million and supports our future earnings and cash flow, and we remain focused on securing additional attractive long-term contracts for our high-specification assets.”