Valaris plc (OTCMKTS:VALPQ) is a leading provider of offshore drilling services to the global energy industry. The company owns and operates one of the world’s largest and most diverse fleets of mobile offshore drilling units, including drillships, semisubmersible rigs and jackup rigs. Valaris designs and manages its fleet to meet the technical and operational demands of exploration and development projects in deepwater, ultra-deepwater and harsh-environment locations.
Formed in April 2020 through the combination of two major offshore drilling contractors, Valaris has a rich heritage in marine engineering and drilling technology that dates back several decades. The company emerged from a financial restructuring with a focus on asset integrity, operational efficiency and innovative drilling solutions. Valaris leverages a team of experienced drilling engineers, marine specialists and project managers to deliver integrated services such as well construction, subsea completion support and maintenance programs.
Valaris serves a diverse client base that includes international oil companies, national oil companies and independent exploration and production firms. Its operations span six continents, with a presence in key offshore basins such as the Gulf of Mexico, the North Sea, West Africa, the Middle East and Southeast Asia. The company’s global network of regional offices and field support centers enables it to provide on-site technical assistance, regulatory compliance support and customized drilling programs tailored to local conditions.
Headquartered in London, Valaris is governed by a board of directors with extensive experience in offshore oilfield services and global energy markets. The company is committed to safety, environmental stewardship and continuous improvement, investing in digitalization initiatives and rig modernization to enhance performance, reduce operational risk and support the evolving needs of its customers.
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