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 (2024)
$2.4B
0.3%
(2024 vs 2023)
EPS
XYZ
Net Income (2024)
XYZ
163.2%
(2024 vs 2023)
Market Cap*
$5.3B
Net Profit Margin (2024)
XYZ
162.6%
(2024 vs 2023)
* As of and is in US$
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 |
|---|---|---|
| 2026 | Contracts/Agreements | In April, Ensco UK Drilling Ltd signed a Strategic Collaboration Agreement with PETRONAS Suriname Exploration & Production BV and Halliburton to enhance the development of PETRONAS Suriname’s offshore assets. |
| 2026 | Contracts/Agreements | In February, the company signed an agreement to be acquired by Transocean Ltd for US$5.8 billion. |
| 2026 | Contracts/Agreements | In February, the company won a batch of new drillship and jack-up rig assignments and extensions in Africa, Asia-Pacific, Europe, and North and South America. |
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 | Chief Executive Officer; Director; President | Executive Board | 2021 | 53 |
| Christopher Weber | Chief Financial Officer; Senior Vice President | Senior Management | 2022 | 52 |
| Gilles Luca | Chief Operating Officer; Senior Vice President | 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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