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.

Revenue model

Day-rate contracts with oil and gas exploration and production companies for the use of offshore drilling rigs.

Products and services

Offshore contract drilling services using mobile offshore drilling units, including drillships, semisubmersibles, and jackups.

Customers and end markets

Oil and gas exploration and production companies operating in offshore markets.

Value-chain role

Drilling services contractor sitting between rig owners and upstream oil and gas operators in the offshore energy value chain.

Source: SEC 10-K, filed 2026-02-20

Industry: Drilling Oil & Gas Wells Peers: Nabors Industries Ltd