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Valaris Limited (NYSE: VAL) is a leading global provider of offshore drilling services to the petroleum industry. The company owns and operates one of the world’s newest and most advanced fleets of ultra-deepwater drilling rigs and premium jackups. Valaris is committed to delivering high-quality drilling services across various strategic offshore basins, including the U.S. Gulf of Mexico, Brazil, Europe, the Middle East, Africa, Asia, and the Pacific Rim.
Valaris offers a comprehensive range of drilling solutions, operating in four key segments: Floaters, Jackups, ARO, and Others. The majority of the company’s revenue is generated from its Floaters segment, which includes both drillships and semisubmersible rigs. Valaris is dedicated to excellence in operational performance, maintaining high safety standards, and fostering ethical practices.
Recent achievements and ongoing projects highlight Valaris's commitment to growth and innovation. The company has been heavily investing in the expansion of its fleet, with billions of dollars allocated towards new drillships and high-specification jackups. Valaris recruits top talent in the industry, offering extensive training and competency assurance programs to ensure employees are well-equipped to meet the company’s high operating standards.
Valaris's strategic partnerships further enhance its market position. For example, its joint venture with ARO Drilling in Saudi Arabia allows Valaris to leverage local expertise and resources, contributing to the company's global reach and operational success.
Financially, Valaris continues to focus on maintaining a strong balance sheet while pursuing strategic investments that drive long-term value for shareholders. Its robust financial management practices and commitment to operational efficiency position the company well for future growth and stability.
For the latest news and updates on Valaris Limited, including performance, events, and developments, stay tuned to our website.
Valaris Limited (NYSE: VAL) has secured a two-year contract with Esso Exploration Angola, an affiliate of ExxonMobil, for its drillship VALARIS DS-9. The rig is currently preserved in the Canary Islands and will be reactivated before being mobilized to Angola in anticipation of the contract starting in June 2022. This contract strengthens Valaris's position in the offshore drilling industry, showcasing its commitment to operational excellence and technological innovation.
Valaris Limited (NYSE: VAL) has secured a contract with Petrobras for the drillship VALARIS DS-4, with a minimum duration of 548 days. Currently preserved in the UK, the rig will be reactivated in the Canary Islands and mobilized to Brazil, with operations expected to start by early Q2 2022. Valaris is recognized as a leader in offshore drilling services, offering a high-quality fleet across various offshore locations.
Valaris Limited (NYSE: VAL) has announced that its ultra-deepwater drillship, VALARIS DS-12, has become the first vessel globally to receive the ABS Enhanced Electrical System Notation EHS-E. This upgrade improves reliability, optimizes powerplant performance, and reduces emissions by enabling operations on fewer generators. The milestone highlights Valaris' commitment to sustainability and advanced technology in offshore drilling.
Valaris Limited (NYSE: VAL) will host its third quarter 2021 earnings conference call on November 2, 2021, at 9:00 a.m. CDT. The earnings release will precede the market opening. Participants can join the live webcast on Valaris' website or via designated phone lines. A replay will be available until December 2, 2021. Valaris is a leader in offshore drilling services, focusing on operational excellence and technological innovation.
Valaris Limited (NYSE: VAL) has secured a 211-day extension to its bareboat charter agreement for the VALARIS JU-36 jackup rig with ARO Drilling, extending the contract through March 2022. This extension aligns with ARO Drilling's ongoing contract with Aramco. Valaris continues to lead in offshore drilling services with a modern fleet and a focus on safety and operational excellence.
Valaris Limited (NYSE: VAL) has secured multiple contracts including one with TAQA offshore the Netherlands for the VALARIS JU-123 jackup rig, starting in Q4 2021 for a minimum of 60 days. This contract involves preparing a wellbore for the Porthos CO2 project and will include an upgrade to a selective catalytic reduction (SCR) system to reduce emissions. Additionally, contracts have been awarded for operations in the UK North Sea and offshore Timor-Leste, with durations of 72 days and 30 days, respectively.
Valaris Limited (NYSE: VAL) announced that interim President and CEO Anton Dibowitz will present at the Pareto Securities Energy virtual conference on September 15, 2021, at 8:50 a.m. CDT. The investor materials for this conference will be accessible on the Valaris website. A recording of the presentation will be available on the website starting September 16, 2021, for a duration of 30 days. Valaris is a leader in offshore drilling services, operating a diverse fleet and emphasizing safety, innovation, and customer satisfaction.
Valaris Limited (NYSE: VAL) announced that interim President and CEO Anton Dibowitz will present at the Barclays CEO Energy-Power virtual conference on Wednesday, September 8, 2021, at 12:05 pm EDT. Investor materials will be available on Valaris' website, with a live webcast during the presentation. A replay will be accessible for one year post-conference. Additionally, Valaris has posted an ARO Drilling investor presentation. ARO Drilling operates jackup drilling rigs in Saudi Arabia, a 50/50 joint venture with Saudi Aramco.
Valaris Limited (NYSE: VAL) announced leadership changes effective September 2, 2021, with Tom Burke stepping down as President and CEO and Jon Baksht leaving his role as CFO. Anton Dibowitz, a current Board member, will serve as interim CEO, while Darin Gibbins takes over as interim CFO. The Board emphasizes a smooth transition, with Dibowitz's extensive offshore drilling experience expected to support ongoing operational momentum. Valaris has secured over 20 new contracts or extensions since early May, resulting in a backlog exceeding $1.3 billion, showcasing strong market positioning.
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