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Switzerland $6 Billion Offshore Oil & Gas Drilling Company Transocean to Buy UK Offshore Drilling Company Valaris for $5.8 Billion in All-Share Merger Deal at $17 Billion Enterprise Value, Transocean to Own 53% & Valaris to Own 47% in Combined Company

10th February 2026 | Hong Kong

Switzerland offshore oil & gas drilling company Transocean ($6 billion market value) has announced to buy UK offshore drilling company Valaris for $5.8 billion in all-share merger deal at $17 billion enterprise value.  Transocean will own 53% & Valaris will own 47% in combined company.  Transocean – Transocean is a leading international provider of offshore contract drilling services for oil and gas wells.  The company specializes in technically demanding sectors of the global offshore drilling business with a  particular focus on ultra-deepwater and harsh environment drilling services and operates the highest  specification floating offshore drilling fleet in the world.  Transocean owns or has partial ownership interests in and operates a fleet of 27 mobile offshore drilling  units, consisting of 20 ultra-deepwater floaters and seven harsh environment floaters.  Valaris – Valaris is an industry leader in offshore drilling services across all water depths and geographies.  Operating a high-quality rig fleet of ultra-deepwater drillships, versatile semisubmersibles and modern  shallow-water jackups, Valaris has experience operating in nearly every major offshore basin. Valaris maintains an unwavering commitment to safety, operational excellence, and customer satisfaction, with a  focus on technology and innovation. Valaris Limited is a Bermuda exempted company limited by shares  (Registration No. 56245). 

“ Switzerland $6 Billion Offshore Oil & Gas Drilling Company Transocean to Buy UK Offshore Drilling Company Valaris for $5.8 Billion in All-Share Merger Deal at $17 Billion Enterprise Value, Transocean to Own 53% & Valaris to Own 47% in Combined Company “

 



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Switzerland $6 Billion Offshore Oil & Gas Drilling Company Transocean to Buy UK Offshore Drilling Company Valaris for $5.8 Billion in All-Share Merger Deal at $17 Billion Enterprise Value, Transocean to Own 53% & Valaris to Own 47% in Combined Company

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