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Stock impact report

Valaris Announces Fleet Rationalization and Issues Fleet Status Report

Valaris Limited Common Shares (VAL) 
Last valaris limited common shares earnings: 4/29 09:50 pm Check Earnings Report
US:NYSE Investor Relations: investors.sherwin-williams.com
Company Research Source: Business Wire
Semisubmersibles VALARIS DPS-3, DPS-5 and DPS-6 to be Retired from Global Drilling SupplyJackup VALARIS 75 Sold for $24 MillionMulti-Year Contract for Jackup VALARIS Stavanger in the North Sea HAMILTON, Bermuda--(BUSINESS WIRE)--Valaris Limited (NYSE: VAL) (“Valaris” or the “Company”) today announced several fleet rationalization actions and issued a Fleet Status Report.Fleet Rationalization ActionsThe Company recently decided to retire three semisubmersibles from its fleet: VALARIS DPS-5, which has been idle since last working in third quarter 2024, as well as VALARIS DPS-3 and VALARIS DPS-6, which have been stacked for several years. The Company expects that these rigs will be removed from the global drilling supply and repurposed for alternative uses or scrapped.Jackup VALARIS 75 has been sold for $24 million. VALARIS 75 is a 25-year-old jackup that has been stacked in the U.S. Gulf for five years. As part of the purchase and sale agreement, future operations are restricted to t Show less Read more
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