ESV Profile — Valaris plc
Valaris is an offshore contract drilling company engaged in providing offshore contract drilling services to the international oil and gas industry. The markets in which Co. operates include the Gulf of Mexico, Brazil, the Mediterranean, the North Sea, the Middle East, West Africa, Australia and Southeast Asia. Co. provides drilling services on a day rate contract basis. Co.'s business consists of three operating segments: Floaters, which includes its drillships and semisubmersible rigs; Jackups; and Other, which consists of management services on rigs owned by third-parties. Co.'s two reportable segments, Floaters and Jackups, provide one service, contract drilling.