Valaris Limited (NYSE:VAL) Q4 2023 Earnings Call Transcript
Operator: Good day, and welcome to the Valaris Fourth Quarter 2023 Results Conference Call. All participants will be in listen-only mode.
Source: insidermonkey.com
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Valaris Ltd (VAL) Posts Robust Q4 Earnings with Significant Net Income Surge
Offshore Drilling Leader Sees Over $1.4 Billion in New Contracts and Extensions
Source: yahoo.com
Offshore Oil Is Booming With Vessel Markets Near All-Time High
As offshore oil drilling continues to grow, so do the markets for offshore support vessels, offshore rigs and deepwater drilling equipment
Source: oilprice.com
Valaris accumulates $1.14 billion in backlog from offshore drillship contracts with, Shell, Petrobras, Equinor and more
Valaris Limited announced new contracts and contract extensions, with an associated contract backlog of approximately $1.14 billion.
Source: ogv.energy
Valaris accumulates $1.14 billion in backlog from offshore drillship contracts with, Shell, Petrobras, Equinor and more
President and Chief Executive Officer Anton Dibowitz said, “The contract awards for VALARIS DS-4 and VALARIS DS-16 are great examples of how we are executing on the operating leverage inherent in our business, with day rates transitioning from legacy rates in the low $200,000s to market rates. We are also beginning to see early signs of a recovery in the North Sea jackup market from 2025, as evidenced by several awards at improving day rates.”
Source: worldoil.com