Valaris Ltd - Company Profile
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Valaris Ltd (Valaris) is a provider of offshore contract drilling services to the global oil and gas industry. Increase in working capital, Presence in major offshore basins and diverse drilling fleet strengthened its operation, even as decline in business performance of ARO segment is a cause for concern. Strong order backlog and increase in demand for energy globally could provide new growth opportunities to the company. However, intense competition, stringent regulations, and fluctuating oil and gas prices could affect its operations.
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