Valaris Limited
Valaris Limited is a global offshore contract drilling company that provides drilling services to oil & gas producers. The company operates one of the largest fleets of offshore drilling rigs in the world, supporting exploration and production activities in shallow and deep-water locations.
Competitors
Transocean Ltd.
Transocean Ltd. is a publicly traded offshore drilling contractor that provides mobile offshore drilling services for oil and gas wells worldwide.
Seadrill Limited
Seadrill Limited is a Bermuda-based offshore drilling contractor that provides oil and gas drilling services worldwide.
Noble Corporation
Noble Corporation plc is a publicly traded offshore drilling contractor serving the global oil and gas industry.
Shelf Drilling
Shelf Drilling is an international offshore drilling contractor specializing in shallow-water jack-up rigs.
Company Business Model
Revenue is generated through day-rate contracts for rig usage, technical expertise, and operational support
Leases rigs to oil & gas exploration and production companies under long-term or short-term contracts
Focuses on cost-efficient, safe, and reliable drilling operations