Valaris Market Overview and Strategic Positioning
Global Rig Fleet
Floaters Jackups
Delivered Rigs
Under Contract
134
330
Future Contract
26
44
Idle / Stacked
34
72
•
Marketed Fleet
194
446
Non-Marketed
46
73
Total Fleet
240
519
Marketed Utilization
82%
84%
Total Utilization
67%
72%
Newbuild Rigs
Contracted
1
3
Uncontracted
27
61
Total Newbuilds
28
64
VALARIS
• ~35 floaters1 could be
candidates for retirement based
on age and contract expirations
•
~150 jackups¹ could be retired
as expiring contracts and
survey costs lead to the
removal of older rigs from
drilling supply
Uncontracted newbuilds
expected to be delayed further,
while several newbuild jackups
in China are unlikely to join the
global fleet
Source: IHS Markit RigPoint as of July 2019
¹Includes rigs >30 years of age that are idle without follow-on work or have contracts expiring before year-end 2019 without follow-on
work and rigs 15 to 30 years of age that have been idle for more than two years and without follow-on work
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