Key Takeaways Valaris secured a $300 million, multi-year contract from Shell for its drillship VALARIS DS-8 offshore Brazil.VAL added the award to its roughly $2.5B contract backlog, improving long-term cash flow predictability.The 800-day contract starts in Q1 2027, with an option to extend operations by one year.Valaris Limited (VAL) secured a multi-year $300 million contract from Shell plc (SHEL) for its drillship VALARIS DS-8 for the development of oil and gas resources off the coast of Brazil. Notably, ...