Valaris Ltd

Valaris operates as a contract drilling services provider in the offshore oil and gas sector, owning and operating a diversified fleet of drilling vessels. The company's primary offerings include drillships, dynamically positioned semisubmersible rigs, moored semisubmersible rigs, and jackup drilling rigs, which it deploys to conduct exploration and development drilling activities for its clients. Additionally, Valaris provides management and operational services on drilling equipment owned by third parties, generating supplementary revenue streams beyond its owned fleet.

The company segments its operations across four divisions: Floaters, which encompasses drillships and semisubmersible vessels; Jackups, focused on shallow to mid-water drilling platforms; ARO (Asset Redeployment Operations); and Other. This segmentation reflects the company's dual approach of operating specialized equipment for distinct drilling environments and depths. Valaris services international oil and gas majors, government-owned enterprises, and independent operators across key offshore basins.

The company maintains a global presence with active operations in Brazil, the United Kingdom, the Gulf of America, Australia, Angola, and additional international markets. With approximately 3,800 full-time employees, Valaris operates from its Hamilton, Bermuda headquarters. The company was established in 1975 and listed on the New York Stock Exchange.