Valaris Ltd - Company Profile
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Business Description
Valaris Ltd (Valaris) is a contract drilling services company. It operates in major offshore oil and gas basins across the world. Major markets include the US Gulf of Mexico, the North Sea, the Middle East, Brazil, the Mediterranean, West Africa, Australia, and Southeast Asia. Valaris provides drilling services on a day rate contract basis.
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Business Segments
Overview
ARO owns and operates offshore drilling rigs. It owns seven jack up rigs and leases eight jack up rigs. Plans to invest in about 20 newbuild jackup rigs over an approximate 10 -year period.
Performance
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Overview
Assets include drillships and semisubmersible rigs. These offer drilling services on a contract basis. Drillships are appropriate for isolated areas since they can drill in water up to 12,000 feet deep. These can also be utilised as a platform for well maintenance or completion tasks like installing casing and tubing or installing subsea trees. Semisubmersibles are movable offshore drilling equipment with columns and pontoons that are immersed to some extent at the drilling site to increase stability while drilling.
Performance
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Overview
Offers oil and gas producers contract drilling services. High-spec jackups, premium jackups, and ultra-premium jackups are all included in the fleet. These have a maximum drilling depth of 40,000 feet and can drill in water up to a depth of 400 feet. Jackups are active in North and South America, the Middle East, Africa, Europe and the Mediterranean, and Asia.
Performance
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Overview
Offers management services related to rigs owned by third parties.
Performance
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Geographical Segments
Performance
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Performance
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Performance
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Performance
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Performance
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Performance
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