Valaris Limited (NYSE:VAL) Q3 2023 Earnings Call Transcript

So now that we have longer duration contracts, more prevalent outside the Middle East, there are more opportunities to see one of those jobs making sense for a reactivation. So we like the assets we have. They are a great option for us to continue to play into the jackup up cycle. Up until now it’s been a capital allocation question where floaters have just been more value accretive. But yes, we’re absolutely focused on and we continue to bid jackups into those opportunities to find the right opportunity to bring them back.

David Smith : Great color. I appreciate it. And I’ll turn it back.

Operator: At this time, we will conclude our question-and-answer session. I’d like to turn the conference back over to Darin Gibbins for any closing remarks.

Darin Gibbins : Thanks, Allison, and thank you to everyone on the call for your interest in Valaris. We look forward to speaking with you again when we report our fourth quarter 2023 results. Have a great rest of your day.

Operator: The conference is now concluded. Thank you for attending today’s presentation. You may now disconnect.