Valaris Limited (VAL) Presents At Barclays 39th Annual CEO Energy-Power Conference 2025 Transcript

Company Overview - Valaris is the largest offshore driller with a fleet of 48 rigs, including 13 high-specification drillships, 2 semisubmersibles, and 33 jackups [3] - The fleet is characterized by high specification, with 12 out of 13 drillships being seventh-generation assets, representing the highest concentration of high-spec drillships in the industry [3] Market Position - The quality of the fleet is crucial in the offshore drilling business, as evidenced by the contracting trends over the past year [3] - Dayrates for seventh-generation drillships have been approximately 25% higher than the general market, and their utilization rates have been about 10 percentage points higher than the overall market [3]