Valaris Limited (previously ENSCO-Rowan plc) is an contractor headquartered in Houston, Texas, and incorporated in . It is the largest and company in the world, and owns 52 rigs, including 36 offshore , 11 , and 5 . In 2022, the company's largest customer was (15% of revenues).
[pdf] The first offshore mobile drilling platform was the Breton Rig 20, first operated in 1949. This rig had evolved from the inland drilling barges which were used to drill in marshes and protected waters in up to 10 feet of water. The Breton Rig 20 was 160 feet by 85 feet, and could work in 20 feet water depth.
[pdf] The answer ranges from just a few thousand dollars for a manual rig to several hundred thousand for a high-capacity commercial unit. The right rig for you depends on your drilling needs, budget, and long-term goals. Choosing the right rig is about more than price.
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