Its role EPC
Valaris Limited is a Bermuda-incorporated offshore contract drilling company headquartered in Houston, Texas. Formerly known as EnscoRowan plc (following the 2019 merger of Ensco plc and Rowan Companies plc), it is one of the world's largest providers of offshore drilling services to international, government-owned, and independent oil and gas companies.
The company operates a modern fleet of approximately 52 rigs, including ultra-deepwater drillships, dynamically positioned semisubmersibles, moored semisubmersibles, and jackup rigs, capable of working in all water depths across major offshore basins on six continents. Valaris serves markets in regions such as Brazil, the United Kingdom, the US Gulf of Mexico, Australia, Angola, and others, with a focus on safety, operational excellence, and advanced technology.
Founded in 1975, Valaris employs around 3,800 people and trades on the NYSE under the ticker VAL.
Also known as Valaris plc and ENSCO-Rowan plc.
chemXplore tracks 2 projects involving Valaris, of which 2 are active.
2 more active projects are in the record. See all 2 in chemXplore →
Portfolio concentrated into fewer countries, expected ~USD 20bn free cash flow 2026–2030; US, Brazil and Angola to drive growth; higher margins from high-grading and stepped-up exploration.
Five connected CCS projects (Porthos, Aramis, CO₂next, DRC, DSC) will capture, transport and store CO₂ under the North Sea and link industry across the Netherlands, Belgium and Germany.
Six wells started 24 Mar with Valaris DS‑17 in ~2,900m water; recoverable >1bn boe; capacity 16m m3/day (~15% national demand); start‑up 2028; $9bn investment; FPSO ~6 kg CO2/boe.
Tender opened for 200 km CO2 pipeline, linking Maasvlakte to offshore storage, aiding decarbonization. Further tenders for installation and design to follow. Operational by 2030.
A 20-km CO2 pipeline is laid and entrenched under the North Sea, connecting Rotterdam's port to storage reservoirs over 3 km below the seabed.
D-HUBN is an offshore platform for CO2 distribution, using hybrid energy. It coordinates CO2 transport to storage sites, focusing on safety and efficient operations.
The new unit will use Cryocap™ technology to capture CO₂ from a hydrogen plant, transport it via Porthos, and store it in North Sea gas fields, reducing emissions by 2.5 million tons annually.
Porthos will invest €1.3 billion in a CO2 transport and storage system in Rotterdam, operational by 2026. It will store 2.5 Mton CO2 annually for 15 years, aiding Dutch climate goals.
active all projects
What each is building and closing, and the pipelines and grids between them, on one map.
