Valaris Signs $300 Million Drillship Contract With Shell Offshore Brazil
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04:43 AM EST, 12/12/2025 (MT Newswires) -- Valaris ( VAL ) said late Thursday that Shell (SHEL) has selected the company to provide drilling services on the Orca project offshore Brazil under a $300 million multiyear contract.The company said the contract for its drillship Valaris DS-8 is expected to begin in Q1 2027, with an estimated duration of about 800 days. It includes options with a total estimated duration of roughly one year. MT Newswires does not provide investment advice. Unauthorized reproduction is strictly prohibited.
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