Valaris Issues Fleet Status Report

Key Terms

offshore drilling rigs technical

Offshore drilling rigs are large ships or platforms placed at sea to drill into the seabed and bring up oil or natural gas; they function like mobile factories that reach fuel deposits beneath the ocean floor. They matter to investors because building, owning or leasing rigs requires substantial upfront spending, determines how much energy a company can produce, and creates exposure to weather, technical and environmental risks that can quickly change revenue and share prices as energy markets move.

HAMILTON, Bermuda--(BUSINESS WIRE)-- Valaris Limited (NYSE: VAL) (“Valaris” or the “Company”) today issued a 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 an 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 limited by shares (Bermuda No. 56245). To learn more, visit our website at www.valaris.com.

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Investor & Media Contact: Tim Richardson
Director – Investor Relations
+1-713-979-4619

Source: Valaris Limited