Valaris Ltd (NYSE: VAL) is an offshore contract drilling company that provides drilling services to oil and gas operators using a fleet of mobile offshore drilling units. Revenue is generated by contracting drilling rigs, including drillships, semisubmersibles, and jackups, to exploration and production companies under day-rate contracts. The 10-K filed 2026-02-20 (accession 000031480826000029) does not provide sufficient segment revenue breakdowns, fleet counts, customer names, competitor names, geographic revenue splits, founding year, CEO tenure, or capital structure details within the excerpts provided to support further specifics. Only information directly supported by the filing excerpts is included here.
Offshore contract drilling services using mobile offshore drilling units, including drillships, semisubmersibles, and jackups.
Day-rate contracts with oil and gas exploration and production companies for the use of offshore drilling rigs.
Oil and gas exploration and production companies operating in offshore markets.
Peers: NABORS INDUSTRIES LTD
Source: SEC 10-K, filed 2026-02-20
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