Valaris Secures $300 Million Multi-Year Drillship Agreement with Shell for Offshore Brazil
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Dec 12 2025
0mins
Source: NASDAQ.COM
Contract Announcement: Valaris Limited has secured a multi-year contract with Shell for offshore operations in Brazil using the drillship VALARIS DS-8, set to begin in Q1 2027.
Contract Details: The agreement is estimated to last approximately 800 days and is valued at around $300 million, with options for a potential one-year extension.
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Analyst Views on VAL
Wall Street analysts forecast VAL stock price to fall over the next 12 months. According to Wall Street analysts, the average 1-year price target for VAL is 56.50 USD with a low forecast of 49.00 USD and a high forecast of 65.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
6 Analyst Rating
1 Buy
4 Hold
1 Sell
Hold
Current: 56.880
Low
49.00
Averages
56.50
High
65.00
Current: 56.880
Low
49.00
Averages
56.50
High
65.00
About VAL
Valaris Limited is an offshore contract drilling company, which is engaged in providing offshore contract drilling services to the international oil and gas industry with operations on the offshore market on approximately six continents. The Company operates a rig fleet of ultra-deepwater drill ships, semisubmersibles, and shallow water jackups. The Company operates through four segments: Floaters, which includes its drill ships and semisubmersible rigs; Jackups; ARO, and Other, which consists of management services on rigs owned by third parties and the activities associated with its arrangements with ARO. Its customers include many of the offshore exploration and production companies, including integrated energy companies, national oil companies, and independent operators. The Company owns approximately 52 rigs, including 13 drill ships, four dynamically positioned semisubmersible rigs, one moored semisubmersible rig, and 34 jackup rigs.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
Hara Capital Acquires 173K Shares of Noble Corporation Worth $4.9 Million
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Hara Capital Acquires 173,597 Shares of Noble Corporation Worth $4.9 Million
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