Description
Valaris Limited provides offshore contract drilling services in various water depths to oil and gas industry worldwide. The company operates through four segments: Floaters, Jackups, ARO, and Other. As of March 31, 2021, it owned and operated 11 drillships, 4 dynamically positioned semisubmersible rigs, 1 moored semisubmersible rig, and 44 jackup rigs, as well as a 50% equity interest in ARO and 50/50 joint venture with Saudi Aramco, which owns an additional 7 rigs. The company was incorporated in 2009 and is based in Hamilton, Bermuda.
