Valaris

Valaris Limited, commonly known as Valaris, is a multinational offshore drilling contractor that provides offshore drilling services to the global oil and gas industry. The company was formed in 2019 through the merger of Ensco plc and Rowan Companies plc and later adopted the Valaris name as part of its corporate reorganization. It trades on the New York Stock Exchange under the ticker VAL.

Valaris operates a diversified fleet of offshore drilling assets, including jack-up rigs, semi-submersible rigs, and drillships, employed in exploration and development projects around the world. Its operations span multiple regions, with activity in the Gulf of Mexico, Brazil, West Africa, the North Sea, the Middle East, and the Asia-Pacific region.

Headquartered in London, United Kingdom, Valaris maintains offices and operational bases worldwide, including major hubs in Houston, Texas, and Singapore, to support global operations and personnel.

The company faced financial challenges during the downturn in offshore drilling and filed for Chapter 11 bankruptcy protection in 2020 to restructure debt. It completed its reorganization in 2021 and continues to operate its fleet and services with a focus on delivering competitive drilling solutions for oil and gas operators.