Valaris Limited

Valaris Limited is a leading offshore drilling contractor providing contract drilling services to the international oil and gas industry. Its core purpose is "to provide responsible solutions that deliver energy to the world." The company is incorporated in Bermuda and maintains its operational headquarters in Houston, Texas.

Valaris operates one of the world's largest and most technologically advanced fleets of offshore drilling rigs, including ultra-deepwater drillships, versatile semisubmersibles, and modern shallow-water jackup rigs. These assets enable the company to serve a wide spectrum of well program requirements across various water depths and geographies. Valaris's market segments span six continents, catering to major integrated energy companies, national oil companies, and independent operators globally.

Anton Dibowitz serves as the President and Chief Executive Officer of Valaris, a position he has held since December 2021. In a significant development, Transocean Ltd. announced its intent to acquire Valaris in an all-stock transaction valued at approximately $5.8 billion in February 2026. The company continues to secure substantial contracts, including a 1,064-day extension with Petrobras for the drillship VALARIS DS-4 in April 2026, adding approximately $447 million to its contract backlog. Valaris also entered a strategic collaboration agreement with PETRONAS Suriname and Halliburton in April 2026 to support offshore asset development. As of early 2026, Valaris maintained a robust contract backlog of approximately $4.7 billion, underscoring its strong market position as a leading offshore drilling contractor.