Valaris Provides Quarterly Fleet Status Report
Valaris Limited (NYSE: VAL) has released its quarterly Fleet Status Report, detailing the current status of its offshore drilling rig fleet and contract information. Valaris operates a diverse fleet including ultra-deepwater drillships, semisubmersibles, and jackups, emphasizing its commitment to safety and technological innovation in offshore drilling. The report can be accessed in the Investors section of Valaris' website. Forward-looking statements highlight risks such as liquidity, oil price volatility, and impacts from the COVID-19 pandemic.
- Valaris operates a diverse fleet of modern offshore drilling rigs, enhancing its competitive position.
- The Company maintains a strong commitment to safety and operational excellence.
- Risks associated with liquidity and access to financing sources.
- Potential negative impacts from COVID-19 and volatility in oil prices affecting contracts.
Valaris Limited (NYSE: VAL) (“Valaris” or the “Company”) today issued a quarterly Fleet Status Report that provides the current status of the Company’s fleet of offshore drilling rigs along with certain contract information for these assets. The Fleet Status Report can be found on the “Investors” section of the Company’s website www.valaris.com.
About Valaris Limited
Valaris Limited (NYSE: VAL) is the industry leader in offshore drilling services across all water depths and geographies. Operating a high-quality rig fleet of ultra-deepwater drillships, versatile semisubmersibles and modern shallow-water jackups, Valaris has experience operating in nearly every major offshore basin. Valaris maintains an unwavering commitment to safety, operational excellence, and customer satisfaction, with a focus on technology and innovation. Valaris Limited is a Bermuda exempted company (Bermuda No. 56245). To learn more, visit our website at www.valaris.com.
Cautionary Statements
Statements contained in this press release that are not historical facts are forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Forward-looking statements include words or phrases such as "anticipate," "believe," "estimate," "expect," "intend," "plan," "project," "could," "may," "might," “should,” “will” and similar words. Such statements are subject to numerous risks, uncertainties and assumptions that may cause actual results to vary materially from those indicated, including the Company’s liquidity and ability to access financing sources, debt restrictions that may limit our liquidity and flexibility, the COVID-19 outbreak and global pandemic, the related public health measures implemented by governments worldwide, the volatility in oil prices caused in part by the COVID-19 pandemic and the decisions by certain oil producers to reduce export prices and increase oil production, and cancellation, suspension, renegotiation or termination of drilling contracts and programs. In particular, the unprecedented nature of the current economic downturn, pandemic, and industry decline may make it particularly difficult to identify risks or predict the degree to which identified risks will impact the Company’s business and financial condition. In addition to the numerous factors described above, you should also carefully read and consider “Item 1A. Risk Factors” in Part I and “Item 7. Management’s Discussion and Analysis of Financial Condition and Results of Operations” in Part II of our most recent annual report on Form 10-K, as updated in our subsequent quarterly reports on Form 10- Q, which are available on the Securities and Exchange Commission’s website at www.sec.gov or on the Investor Relations section of our website at www.valaris.com. Each forward-looking statement speaks only as of the date of the particular statement and we undertake no obligation to update or revise any forward-looking statements, except as required by law.
View source version on businesswire.com: https://www.businesswire.com/news/home/20210802005838/en/
FAQ
What did Valaris announce in the quarterly Fleet Status Report?
Where can I find the Fleet Status Report for Valaris (NYSE: VAL)?
What are the key risks mentioned in Valaris' press release?
How does Valaris maintain its competitive edge in the offshore drilling market?
What types of rigs does Valaris operate?
