What does the business do?
Valaris provides offshore drilling rigs and crews to oil and gas producers. Its fleet includes floating rigs for deeper water and jackup rigs for shallower water. It earns contract revenue for supplying and operating those rigs, with earnings affected by dayrates, working days and the costs of running and maintaining the fleet. Transocean provides offshore contract drilling services focused on deepwater and harsh-environment wells. It supplies floating rigs, equipment and crews to oil and gas companies. Customers pay under drilling contracts, while Transocean bears operating, maintenance, investment and financing costs associated with its fleet.
What to look at next
The detailed profile connects the business explanation with historical financial observations and their definitions.
- Business model: Offshore contract drilling.
- Measures to understand: Fleet activity, contracts, debt and cash flow.
- Important distinctions: Contract backlog versus recognised revenue.
Read each observation with its reporting period, currency, accounting basis and source. Historical results describe what happened; they do not establish future outcomes.
Source references
This overview summarises the business explanation on the existing profile. It is not a fresh audit of company disclosures. Detailed data dates and coverage limitations are shown within the signed-in dashboard.