VAL

Valaris owns and operates offshore drilling rigs that oil and gas companies hire to drill wells beneath the ocean. The company's fleet includes different types of rigs designed for different water depths and ocean conditions, from floating rigs that work in deep water to jackup rigs with legs that touch the seafloor in shallower areas. Valaris also manages drilling rigs owned by other companies. The company operates rigs around the world, including in the Gulf of Mexico, the North Sea, Brazil, and Australia.