Valaris Earnings Report
Contract Backlog as of May 1, 2023
Contract Backlog
(1) (2)
($ millions)
2023
2024
2025+
Total
Contracted Days
(1) (2)
2023
2024
2025+
Contract Backlog by
Customer Type
Drillships
$
483.5 $
Semis
122.5
641.8 $373.7
137.6 10.1
Floaters
$
606.0 $ 779.3 $383.8
$1,499.0
270.2
$1,769.2
Drillships
1,847
1,924
949
Semis
545
606
45
Floaters
2,392
2,530
994
HD
Ultra-Harsh & Harsh
$
136.3 $
114.7 $26.7 $ 277.8
HD
Ultra-Harsh & Harsh
1,299
926
206
10%
HD & SD-Modern
150.0
73.3
94.4
317.7
HD & SD
Modern
1,656
853
840
SD - Legacy
30.2
49.3
40.2
119.6
SD - Legacy
399
600
423
Jackups
$
316.5 $
237.3 $161.3 $ 715.1
Jackups
3,354
2,379
1,469
Other
(3)
$
111.9 $
112.9
$ 94.1 $ 318.9
Other
2,593
3,669
2,722
51%
39%
Total
$ 1,034.4 $ 1,129.5 $639.2 $2,803.1
Total
8,339
8,578
5,185
ARO Drilling
Owned Rigs
Leased Rigs
Total
(4)
2022
2023
2024+
Total
$
211.4 $
259.1
$
470.5 $
246.6 $336.3 $ 794.3
352.2 326.2 937.5
598.8 $662.5 $1,731.8
Average Dayrates
Drillships
Semis
2023
2024
2025
$ 262,000 $ 334,000 $ 394,000
225,000 227,000 225,000
Floaters
$ 253,000 $ 308,000 $ 386,000
HD
Ultra-Harsh & Harsh
HD & SD Modern
SD-Legacy
Jackups
$ 94,000 $100,000
$ 105,000 $ 124,000 $ 130,000
91,000 86,000 112,000
76,000 82,000 95,000
$110,000
IOC
NOC
Independent
VALARIS
(1) Contract backlog, contracted days and average day rates as of May 1, 2023. (2) Contract backlog and average day rates exclude certain types of non-recurring revenues such as lump sum mobilization
payments. Contract backlog and contracted days include backlog and days when a rig is under suspension. Average day rates are adjusted to exclude suspension backlog and days. (3) Other represents
contract backlog and contracted days related to bareboat charter agreements and management services contracts. (4) ARO Drilling contract backlog as of February 21, 2023. HD = Heavy Duty; SD =
Standard Duty. Heavy duty jackups are well-suited for operations in tropical revolving storm areas
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