Valaris Ltd. engages in the provision of offshore contract drilling services to the international oil and gas industry. The firm operates a rig fleet of ultra-deepwater drill ships, versatile semisubmersibles, and modern shallow water jackups. The firm is engaged in providing offshore contract drilling services to the international oil and gas industry with operations in the offshore market approximately six continents. The firm operates through four segments: Floaters, which includes its drill ships and semisubmersible rigs; Jackups; ARO, and Other, which consists of management services on rigs owned by third parties and the activities associated with its arrangements with ARO. The company provides drilling services across all water depths with unmatched scale, geographic presence and customer relationships. Its customers include many of the offshore exploration and production companies, including integrated energy companies, national oil companies, and independent operators.