Valaris (NYSE:VAL) plc is a leading global offshore drilling contractor offering a diverse fleet of mobile drilling units to the oil and gas industry. The company’s assets include harsh-environment semisubmersibles, ultra-deepwater drillships, high-specification jackups and midwater floaters, enabling it to serve exploration and production clients in some of the world’s most challenging offshore regions. Valaris leverages advanced drilling technologies and industry-standard safety protocols to support offshore well construction, maintenance and decommissioning activities.
Valaris provides a full suite of drilling services, combining rig operations with engineering, project management and technical support. Its capabilities encompass directional drilling, well control, casing and completions support, as well as real-time monitoring and data analytics. By integrating automated drilling systems and remote operations centers, the company seeks to optimize operational efficiency, reduce nonproductive time and enhance environmental performance.
Formed through the 2020 merger of EnscoRowan and the reorganization of its predecessor entities, Valaris traces its heritage back several decades to pioneering offshore operations in the North Sea and Gulf of Mexico. The organization maintains regional offices and operations hubs across the Americas, Europe, Africa, the Middle East and Asia-Pacific, allowing it to deploy resources in key energy markets worldwide. Valaris has navigated industry cycles by prioritizing fleet modernization, contractual diversification and strategic partnerships with national oil companies and international exploration firms.
Under the leadership of Chief Executive Officer Roger Spencer and a senior management team with deep offshore drilling expertise, Valaris continues to pursue long-term growth opportunities. The board of directors, comprised of industry veterans and governance professionals, oversees strategic direction, risk management and sustainability initiatives. With a focus on operational excellence and stakeholder engagement, Valaris aims to deliver reliable drilling solutions while upholding rigorous health, safety and environmental standards.
