Valaris Ltd - Company Profile
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Valaris Ltd (Valaris), formerly Ensco Rowan Plc, is a global offshore contract drilling company. The company specializes in providing offshore drilling services to the international oil and gas industry. Valaris owns a large fleet of offshore drilling rigs, including ultra-deepwater and premium jackup rigs. The company's customers include leading international and government-owned oil and gas companies, as well as independent operators. Valaris operates in major offshore markets across six continents, including the Gulf of Mexico, South America, the North Sea, the Middle East, Africa, and Asia Pacific. The company provides its services on a day rate contract basis, where customers bear the costs and risks associated with drilling operations. Valaris is headquartered in Hamilton, Bermuda.
Headquarters
Bermuda
Address
Clarendon House, 2 Church Street, Hamilton, HM11
Website
www.valaris.com
Telephone
1-441 207 6594660
No of Employees
5,070
Industry
Energy and Utilities
Ticker Symbol & Exchange
VAL (NYSE)
Revenue (2025)
$2.4B
0.3%
(2025 vs 2024)
EPS
XYZ
Net Income (2025)
XYZ
163.2%
(2025 vs 2024)
Market Cap*
$6.6B
Net Profit Margin (2025)
XYZ
162.6%
(2025 vs 2024)
* As of and is in US$
Products and Services
| Services |
|---|
| Drilling Services |
| Drill Management Services |
History
History section provides information on new products, mergers, acquisitions, expansions, approvals, and many more key events.
| Year | Event | Description |
|---|---|---|
| 2025 | Contracts/Agreements | In October, the company was awarded a five-well contract by Bp Exploration Delta Limited for drillship VALARIS DS-12 in Egypt. |
| 2025 | Contracts/Agreements | In July, the company has been awarded a 940-day contract extension for drillship VALARIS DS-16 and a new 914-day contract for drillship VALARIS DS-18. |
| 2025 | Plans/Strategy | In May, the company announced its plans to sell jackup VALARIS 247 to BW Energy for US$108 million. |
Competitor Comparison
| Key Parameters | Valaris Ltd | NOV Inc | Weatherford International Plc | Patterson-UTI Energy Inc | Transocean Ltd |
|---|---|---|---|---|---|
| Headquarters | Bermuda | United States of America | United States of America | United States of America | Switzerland |
| City | Hamilton | Houston | Houston | Houston | Steinhausen |
| State/Province | - | Texas | Texas | Texas | Zug |
| No. of Employees | 5,070 | 31,605 | 16,700 | 7,900 | 5,600 |
| Entity Type | Public | Public | Public | Public | Public |
Key Financial Charts
Sales Growth
Net Income Growth
Executives
| Name | Position | Board | Since | Age |
|---|---|---|---|---|
| Elizabeth D. Leykum | Chairman | Executive Board | - | 46 |
| Anton Dibowitz | President; Director; Chief Executive Officer | Executive Board | 2021 | 53 |
| Christopher Weber | Chief Financial Officer; Senior Vice President | Senior Management | 2022 | 52 |
| Gilles Luca | Senior Vice President; Chief Operating Officer | Senior Management | 2019 | 53 |
| Matthew Lyne | Chief Commercial Officer; Senior Vice President | Senior Management | 2022 | 50 |
| Non Dignissim Eros | Proin vel | Convallis | 2026 | XY |
| Non Dignissim Eros | Proin vel | Convallis | 2026 | XY |
| Non Dignissim Eros | Proin vel | Convallis | 2026 | XY |
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