Valaris has sold its 10,000-ft semisubmersible Valaris DPS-1 for recycling.
Valaris held the rig for sale in February 2026. The F&G ExD design unit was originally delivered from Jurong Shipyard in 2012 and had been stacked in Malaysia after Woodside released the rig offshore Australia in late 2025.
Valaris now only has one remaining semisubmersible. The Valaris MS-1 is currently stacked in Malaysia. Market sources indicate that Valaris is also considering retiring this unit.
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