Valaris Limited announced that it has been awarded the following new contracts:

   - One-well contract with Kosmos Energy in the U.S. Gulf of Mexico for semisubmersible VALARIS DPS-5. The contract is expected to commence in February 2022 with an estimated duration of 105 days.

   - One-well contract with Western Gas offshore Australia for semisubmersible VALARIS MS-1. The contract is expected to commence in the first quarter 2022 with an estimated duration of 25 days.

   - Six-well plug and abandonment contract with Centrica Storage in the UK North Sea for VALARIS Norway, a heavy duty ultra-harsh environment jackup. The contract is expected to commence in the third quarter 2022 with an estimated duration of 100 days.

   - One-well contract with an undisclosed operator in the U.S. Gulf of Mexico for VALARIS 144, a standard-duty modern jackup. The contract is expected to commence in the first quarter 2022 with a minimum duration of 68 days.

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 Bermuda exempted company (Bermuda No. 56245).