Valaris Limited (VAL) 8-K Regulation FD Disclosure

Exhibit 99.1

Ensco plc Fleet Status Report 18 February 2014

Monthly Changes: bolded rig names and underlined text signify changes in rig status from previous report.

Segment / Region / Rig	Design	Water Depth'(1)	Customer/ Status	Day Rate $000′s US	Location	Est. Avail(2)	Comments
Floaters
North & South America (excluding Brazil)
ENSCO DS-3	Drillship, DP3 Samsung	10000/12000	BP	Low 500s	U.S. Gulf of Mexico	Jun. 16	-----. Plus cost adjustments
ENSCO DS-5	Drillship, DP3 Samsung	10000/12000	Petrobras/Repsol	High 430s	U.S. Gulf of Mexico	Jul. 16	-----. Assigned to Repsol for 1 well. Eligible for bonus opportunity up to 17%, plus cost adjustments
ENSCO 8500	Semisubmersible DP	8500/10000	Anadarko/Eni	High 310s	U.S. Gulf of Mexico	Sep. 14	Planned inspection for approx. 14 days in 2Q14. Plus cost adjustments and three 1-year same-rate options
ENSCO 8501	Semisubmersible DP	8500/10000	Noble Energy	Mid 530s	U.S. Gulf of Mexico	Aug. 14	Planned inspection for approx. 14 days in 3Q14. Plus cost adjustments -----
ENSCO 8502	Semisubmersible DP	8500/10000	Stone	Low 530s	U.S. Gulf of Mexico	Oct. 14	-----.-----.Next to Talos in direct continuation for 3 wells (est. Jun. 14 to Oct. 14), low 530s.Plus one 1-well unpriced option
ENSCO 8503	Semisubmersible DP	8500/10000			U.S. Gulf of Mexico	Feb. 14	Zero rate for approx. 85 days in 1Q14. Then to Marathon Apr. 14 to mid May 14, mid 490s. Plus one 1-well option, low 530s
ENSCO 8505	Semisubmersible DP	8500/10000	Anadarko/Apache/ Noble Energy	Mid 490s	U.S. Gulf of Mexico	Jul. 14	Plus cost adjustments ------
ENSCO 8506	Semisubmersible DP	8500/10000	Anadarko	High 540s	U.S. Gulf of Mexico	Jul. 15	-----. Plus cost adjustments

Page 1 of 10

Ensco plc
Fleet Status Report
18 February 2014

Monthly Changes: bolded rig names and underlined text signify changes in rig status from previous report.

Segment / Region / Rig	Design	Water Depth'(1)	Customer/ Status	Day Rate $000′s US	Location	Est. Avail(2)	Comments
Floaters
Brazil
ENSCO DS-4	Drillship, DP3 Samsung	10000/12000	BP/ Mobilizing	Mid 550s	Brazil	Jul. 16	Plus cost adjustments. Mobilizing to U.S. Gulf of Mexico
ENSCO 7500	Semisubmersible DP	8000	Petrobras		Brazil	Aug. 14	-----. Based upon mutual agreement with the customer, zero rate beginning in Jan. 14 for the remainder of the contract term. We are exploring other opportunities with the customer -----
ENSCO 6001	Semisubmersible - DP Megathyst	5700	Petrobras	Mid 370s	Brazil	Jun. 18	Mid 250s day rate during planned shipyard upgrade for approx. 65 days in 3Q14. Plus approx. $16,000 per day amortized Oct. 14 to Jun. 18 for capital upgrades. Plus cost adjustments
ENSCO 6002	Semisubmersible - DP Megathyst	5700	Petrobras	Mid 370s	Brazil	Ju1. 18	-----. Low 170s day rate during planned shipyard upgrade for approx. 65 days in 4Q14. Plus approx. $21,000 per day amortized Dec. 14 to Jul. 18 for capital upgrades. Plus cost adjustments
ENSCO 6003	Semisubmersible - DP Megathyst	5700	Petrobras	Low 320s	Brazil	Jan. 17	Zero rate for ----- approx. 23 days in 1Q14. Eligible for bonus opportunity up to 15%, plus cost adjustments
ENSCO 6004	Semisubmersible - DP Megathyst	5700	Petrobras	Low 320s	Brazil	Oct. 16	Zero rate for ----- approx. 6 days in 1Q14. Eligible for bonus opportunity up to 15%, plus cost adjustments
ENSCO 6000	Semisubmersible - DP Amethyst	3400/4000	Petrobras	Mid 270s	Brazil	Apr. 14	Currently outfitted for workover activity

Page 2 of 10

Ensco plc
Fleet Status Report
18 February 2014

Monthly Changes: bolded rig names and underlined text signify changes in rig status from previous report.

Segment / Region / Rig	Design	Water Depth'(1)	Customer/ Status	Day Rate $000′s US	Location	Est. Avail(2)	Comments
Floaters
Europe & Mediterranean
ENSCO 5004	Semisubmersible - Conv F & G Enhanced Pacesetter	1500	Shipyard/ Contract Preparations		Malta	Dec. 16	Next to Mellitah from Jul. 14 to Dec. 16, initial rate low 300s at commencement. Plus periodic rate increases resulting in mid 310s average rate over contract. Plus approx. $17,000 per day for mobilization amortized over primary contract term
Middle East & Africa
ENSCO DS-1	Drillship - DP Gusto 10,000	6000/10000	TOTAL	High 350s	Angola	Jan. 16	Planned inspection ----- for approx. 20 days in 2Q14. Plus cost adjustments and unpriced options. Eligible for bonus opportunity up to 5%
ENSCO DS-2	Drillship - DP Gusto 10,000	6000/10000	TOTAL	High 430s	Angola	2Q15	-----.  Next mobilize to shipyard in Nov. 14 for survey and capital upgrades to 2Q15
ENSCO DS-6	Drillship, DP3 Samsung	10000/12000	BP	Mid 530s	Angola	Feb. 18	Plus approx. $102,000 per day amortized Feb.13 to Feb. 18 for special day rate ahead of mobilization, upgrade costs and reimbursable mobilization expenses. Plus cost adjustments and two 1-year options at mutually agreed rates
ENSCO DS-7	Drillship, DP3 Samsung	10000/12000	TOTAL	Mid 610s	Angola	Nov. 16	Plus periodic rate increases resulting in high 640s average rate over three-year contract. Plus approx. $28,000 per day amortized Nov. 13 to Nov. 16 for mobilization
ENSCO 5001	Semisubmersible - Conv Sonat	5000/6500	PetroSA	High 280s	South Africa	Feb. 15	-----.Planned inspection for approx. 30 days in 3Q14. Plus approx. $7,500 per day for reimbursable mobilization expenses amortized Jan. 13 to Feb. 15. Plus two 1-well options, low 320s
ENSCO 5000	Semisubmersible - Conv Neptune Pentagon	2300/2650	Warm Stacked		South Africa

Page 3 of 10

Ensco plc
Fleet Status Report
18 February 2014

Monthly Changes: bolded rig names and underlined text signify changes in rig status from previous report.

Segment / Region / Rig	Design	Water Depth'(1)	Customer/ Status	Day Rate $000′s US	Location	Est. Avail(2)	Comments
Floaters
Asia & Pacific Rim
ENSCO 8504	Semisubmersible DP	8500/10000	Shell/TOTAL	Mid 550s	Malaysia	May 15	Assigned to TOTAL for 1 well. Planned inspection for approx. 10 days in 3Q14. Plus cost adjustments and two 6-month same-rate options. Plus approx. $8,000 per day for mobilization amortized Jul.13 to May 15
ENSCO 5006	Semisubmersible - Conv Bingo 8,000	6200/7500	Inpex/ Mobilizing			Jan. 18	Mobilize to Singapore shipyard in mid Jan. 14 under contract for 40 month drilling program in Australia with estimated commencement 4Q14, initially low 460s. Plus periodic rate increases resulting in mid 490s average rate over drilling program. Plus estimate of $200,000 per day amortized over the duration of the drilling program for capital upgrades and day rates during shipyard stay and mobilizations
ENSCO 5005	Semisubmersible - Conv F & G Enhanced Pacesetter	1500	Shipyard		Singapore	2Q14	Inspection and shipyard upgrades
ENSCO 5002	Semisubmersible - Conv Aker H-3	1000	Mobilizing			Mar. 14	Mobilizing to Singapore
						��
Under Construction
ENSCO DS-8	Drillship, DP3 Samsung GF12000	10000/12000	Under construction		South Korea	3Q14
ENSCO DS-9	Drillship, DP3 Samsung GF12000	10000/12000	Under construction/ Contracted		South Korea	3Q18	Contracted to ConocoPhillips in U.S. Gulf of Mexico from 3Q15 to 3Q18, low 550s. Plus mob fee of approx. $32 million to be amortized over primary contract term. Plus cost adjustments and two 1-year unpriced options
ENSCO DS-10	Drillship, DP3 Samsung GF12000	10000/12000	Under construction		South Korea	3Q15

⁽¹⁾ For rigs that may be modified to drill in deeper water depths, both the currently outfitted and maximum upgrade capabilities are shown.

⁽²⁾ Estimated available date for rig after current and follow-on contracts (excluding option period) and shipyard stays have been completed. For newbuild rigs without a contract, the estimated available date is the expected delivery date from the shipyard.

Page 4 of 10

Ensco plc
Fleet Status Report
18 February 2014

Monthly Changes: bolded rig names and underlined text signify changes in rig status from previous report.

Segment / Region / Rig	Design	Water Depth'	Customer/ Status	Day Rate $000′s US	Location	Est. Avail(1)	Comments
Jackups
North & South America (excluding Brazil)
U.S. Gulf of Mexico
ENSCO 68	MLT 84-CE	400	Chevron	Mid 140s	Gulf of Mexico	Jan. 15	Zero rate for approx. 15 days in 2Q14. Day rate does not include certain extra reimbursable costs
ENSCO 75	MLT Super 116-C	400	Fieldwood	Mid 150s	Gulf of Mexico	Mar. 14	Zero rate for approx. 12 days in Jan. 14 for planned survey and maintenance. Plus cost adjustments -----
ENSCO 81	MLT 116-C	350	Stone	High 130s	Gulf of Mexico	Jan. 15	Next to Chevron Mar. 14 to Jan. 15, mid 140s. Planned inspection for approx. 14 days in 3Q14
ENSCO 82	MLT 116-C	300	Energy XXI	Low 140s	Gulf of Mexico	Sep. 14	Planned inspection for approx. 30 days in 1Q14. Plus cost adjustments
ENSCO 86	MLT 82 SD-C	250	ExxonMobil	Mid 120s	Gulf of Mexico	Jun. 14	-----.Planned inspection for approx. 15 days in 1Q14
ENSCO 87	MLT 116-C	350	Fieldwood	High 140s	Gulf of Mexico	Jan. 15	Planned inspection for approx. 10 days in 2Q14
ENSCO 90	MLT 82 SD-C	250	Ankor	Mid 120s	Gulf of Mexico	Mar. 14	-----
ENSCO 99	MLT 82 SD-C	250	Energy XXI	Mid 120s	Gulf of Mexico	Jul. 14	Zero rate for approx. 14 days in 2Q14 for planned maintenance
Mexico
ENSCO 83	MLT 82 SD-C	250	Pemex	Low 90s	Mexico	Oct. 16
ENSCO 89	MLT 82 SD-C	250	Pemex	Low 90s	Mexico	Nov. 15	Planned inspection 1Q14 for approx. 14 days
ENSCO 93	MLT 82 SD-C	250	Pemex	Low 90s	Mexico	Jun. 15
ENSCO 98	MLT 82 SD-C	250	Pemex	Low 90s	Mexico	Aug. 15

Page 5 of 10

Ensco plc
Fleet Status Report
18 February 2014

Monthly Changes: bolded rig names and underlined text signify changes in rig status from previous report.

Segment / Region / Rig	Design	Water Depth'	Customer/ Status	Day Rate $000′s US	Location	Est. Avail(1)	Comments
Jackups
Europe
North Sea
ENSCO 70	Hitachi K1032N	250	-----Shipyard		UK	Nov. 16	Shipyard upgrade and inspection for approx. 75 days in 1Q14 and approx. 15 days in 2Q14. Then to RWE Dea Apr. 14 to Oct. 14, low 160s. Planned shipyard upgrade for approx. 30 days in 4Q14. Then to Maersk in Denmark to Nov. 16, low 160s average rate. Plus approx. $18,000 per day for capital upgrades amortized Nov. 14 to Nov. 16. Plus cost adjustments and three 1-year unpriced options
ENSCO 71	Hitachi K1032N	225	Maersk	Low 140s	Denmark	May 14	Plus two 1-year options at escalating day rates and one 1-year option at mutually agreed rate
ENSCO 72	Hitachi K1025N	225	Maersk	Low 140s	Denmark	Aug. 14	Plus two 1-year options at escalating day rates and one 1-year option at mutually agreed rate
ENSCO 80	MLT 116-CE	225	-----Shipyard	-----	UK	Mar. 17	-----. Planned inspection for approx. 30 days in 1Q14. Then to GDF mid Mar. 14 to mid Mar. 17, high 130s. Plus cost adjustments and unpriced option
ENSCO 92	MLT 116-C	225	Tullow	High 140s	Netherlands	Aug. 15	Next to O.N.E. late Feb. 14 to Aug. 14, high 140s. Planned inspection for approx. 38 days in 2Q/3Q14. Then to ConocoPhillips in UK mid Sep. 14 to mid Aug. 15, low 160s. All with cost adjustments
ENSCO 100	MLT 150-88-C	350	Ithaca	Mid 160s	UK	Jan. 15	Plus cost adjustments and two 1-well options
ENSCO 101	KFELS MOD V-A	400	BP	High 210s	UK	Dec. 15	Plus cost adjustments and two 6-month unpriced options
ENSCO 102	KFELS MOD V-A	400	ConocoPhillips	Low 210s	UK	Jun. 16	Planned maintenance for approx. 10 days in 2Q14. Rate firm for 8 wells (est. through Apr. 15) thereafter at mutually agreed rate. Plus cost adjustments and unpriced options
ENSCO 120	ENSCO 120 Series	400	Nexen/ Waiting on Weather		UK	Oct. 15	Contracted to Nexen with operations scheduled from late Feb. 14 to Oct. 15, initial rate low 230s. Rate increases Apr. 14 to mid 230s. Plus approx. $13,000 per day for mobilization amortized Feb. 14 to Oct. 15. Plus cost adjustments and eleven 1-well options
ENSCO 121	ENSCO 120 Series	400	-----Mobilizing		-----UK	2Q16	Contracted to Wintershall from 2Q14 to 2Q16, low 230s. Plus mob fee of approx. $8 million to be amortized over primary contract term. Plus one 1-year unpriced option

Page 6 of 10

Ensco plc
Fleet Status Report
18 February 2014

Monthly Changes: bolded rig names and underlined text signify changes in rig status from previous report.

Segment / Region / Rig	Design	Water Depth'	Customer/ Status	Day Rate $000′s US	Location	Est. Avail(1)	Comments
Jackups
Middle East & Africa
Middle East
ENSCO 53	F&G L-780 Mod II-C	300	Shipyard		UAE	Feb. 16	Next to NDC late Feb. 14 to late Feb. 16, low 100s. Plus two 1-year unpriced options
ENSCO 54	F&G L-780 Mod II-C	300	BG	Mid 140s	India	Oct. 17	Next mobilize to shipyard in May 14 for capital upgrades. Then to Saudi Aramco Oct. 14 to Oct. 17, mid 110s. Plus approx. $39,000 per day for upgrade costs and mobilization amortized Oct. 14 to Oct. 17. Plus one 1-year priced option
ENSCO 58	F&G L-780 Mod II	250	Saudi Aramco	Mid 60s	Saudi Arabia	Jan. 15
ENSCO 76	MLT Super 116-C	350	Saudi Aramco	Low 100s	Saudi Arabia	Jul. 14	Planned inspection for approx. 21 days in 2Q/3Q14. Plus one 1-year option, high 150s
ENSCO 84	MLT 82 SD-C	250	Saudi Aramco	Low 60s	Saudi Arabia	Nov. 14	Plus one 1-year option, mid 70s
ENSCO 88	MLT 82 SD-C	250	Saudi Aramco	Low 100s	Saudi Arabia	Nov. 16	-----. Plus one 1-year priced option
ENSCO 91	Hitachi Zosen Drill Hope C-150	270	Saudi Aramco	High 60s	Saudi Arabia	Aug. 14	Planned inspection for approx. 21 days in 4Q14. Plus one 1-year option, mid 90s
ENSCO 94	Hitachi 250-C	250	Saudi Aramco	Low 100s	Saudi Arabia	Jun. 16	Planned inspection for approx. 14 days in 3Q14. Plus one 1-year priced option
ENSCO 96	Hitachi 250-C	250	Saudi Aramco	Low 60s	Saudi Arabia	Nov. 14	Planned shipyard upgrade for approx. 55 days in 1Q14 and approx. 25 days in 2Q14. Plus one 1-year option, mid 70s
ENSCO 97	MLT 82 SD-C	250	Saudi Aramco	Low 60s	Saudi Arabia	Nov. 14	Planned shipyard upgrade for approx. 45 days in 1Q14 and approx. 35 days in 2Q14. Plus one 1-year option, mid 70s

Page 7 of 10

Ensco plc
Fleet Status Report
18 February 2014

Monthly Changes: bolded rig names and underlined text signify changes in rig status from previous report.

Segment / Region / Rig	Design	Water Depth'	Customer/ Status	Day Rate $000′s US	Location	Est. Avail(1)	Comments
Jackups
Asia & Pacific Rim
Southeast Asia / Australia
ENSCO 52	F&G L-780 Mod II-C	300	Murphy	Mid 80s	Malaysia	Aug. 14	Plus cost adjustments and one 1-year unpriced option
ENSCO 56	F&G L-780 Mod II-C	300	Pertamina	Mid 110s	Indonesia	Jul. 15	Plus approx. $3,000 per day for mobilization amortized Jul. 13 to Jul. 15. Plus one 8-month unpriced option
ENSCO 67	MLT 84-CE	400	Pertamina	Mid 130s	Indonesia	Mar. 16	Plus one 8-month unpriced option
ENSCO 85	MLT 116-C	300	-----Shipyard	-----	-----Malaysia	Feb. 14	-----
ENSCO 104	KFELS MOD V-B	400	ENI/Mitra	High 220s	-----Singapore	Apr. 14	Next to Mitra in Vietnam for 1 well mid Feb. 14 to mid Apr. 14, high 220s
ENSCO 105	KFELS MOD V-B	400	Shell	Mid 160s	Malaysia	Nov. 14	Plus approx. $3,000 per day for mobilization amortized Nov. 13 to Nov. 14. Plus cost adjustments and one 6-month priced option and one 1-year priced option
ENSCO 106	KFELS MOD V-B	400	Newfield	High 150s	Malaysia	Oct. 14	Plus cost adjustments. Plus two 6-month unpriced options
ENSCO 107	KFELS MOD V-B	400	-----OMV/ Shipyard	-----	-----Singapore	Feb. 15	-----.-----. Contract preparations and mobilization for approx. 42 days in 1Q14 in advance of drilling operations for OMV in New Zealand late Mar. 14 to Feb. 15, low 230s. Day rate during contract preparations and mob fee to be amortized over primary contract term. Plus cost adjustments and one 90-day unpriced option
ENSCO 108	KFELS MOD V-B	400	PTTEP	Mid 130s	Thailand	Apr. 14	Plus approx. $2,000 per day for upgrade costs amortized Apr. 12 to Apr. 14. Planned inspection and maintenance for approx. 20 days in 2Q14
ENSCO 109	KFELS MOD V-Super B	350	PTTEP	Low 200s	Australia	Oct. 14	Next mobilize to Vietnam in Mar. 14 for planned inspection. Then to Hoang Long May 14 to Oct. 14, low 170s. Plus one 90-day priced option

Page 8 of 10

Ensco plc
Fleet Status Report
18 February 2014

Monthly Changes: bolded rig names and underlined text signify changes in rig status from previous report.

Segment / Region / Rig	Design	Water Depth'	Customer/ Status	Day Rate $000′s US	Location	Est. Avail(1)	Comments
Jackups
Asia & Pacific Rim
Under Construction
ENSCO 122	ENSCO 120 Series	400	Under construction/Contracted		Singapore	4Q16	Contracted to NAM in Dutch and UK sector from 4Q14 to 4Q16, low 230s. Plus mob fee of approx. $10 million to be amortized over primary contract term. Plus cost adjustments and two 1-year unpriced options
ENSCO 123	ENSCO 120 Series	400	Under construction		Singapore	2Q16
ENSCO 110	KFELS MOD V-B	400	Under construction		Singapore	1Q15

⁽¹⁾ Estimated available date for rig after current and follow-on contracts (excluding option period) and shipyard stays have been completed. For newbuild rigs without a contract, the estimated available date is the expected delivery date from the shipyard.

Page 9 of 10

Ensco plc
Fleet Status Report
18 February 2014

Monthly Changes: bolded rig names and underlined text signify changes in rig status from previous report.

Segment / Region / Rig	Design	Water Depth'	Customer/ Status	Day Rate $000′s US	Location	Est. Avail(1)	Comments
Other
Deepwater Drilling Management
Thunder Horse	Deepwater Semisubmersible	6000	BP	Low 100s	U.S. Gulf of Mexico	Jan. 15	Plus two 1-year priced options, plus cost adjustments
Mad Dog	Deepwater Spar Drilling Rig	4500	BP	High 60s	U.S. Gulf of Mexico	Jan. 15	Plus one 1-year priced option, plus cost adjustments

⁽¹⁾ Estimated available date for rig after current and follow-on contracts (excluding option period) and shipyard stays have been completed. For newbuild rigs without a contract, the estimated available date is the expected delivery date from the shipyard.

Definitions and Disclaimers

Day Rate Definition. The day rates reflected in this Fleet Status Report are the operating day rates charged to customers, which may include estimated contractual adjustments for changes in operating costs and/or reimbursable cost adjustments for ongoing expenses such as crew, catering, insurance and taxes. The day rates, however, do not include certain types of non-recurring revenues such as lump sum mobilization payments, revenues earned during mobilizations, revenues associated with contract preparation and other non-recurring reimbursable items such as mobilizations and capital enhancements, and the impact of the fair market value adjustments to previously acquired drilling contracts. Routine and non-routine downtime may reduce the actual revenues recognized during the contract term. Additionally, the Company occasionally negotiates special rates with customers as noted in the comments that reduce revenues recognized during the contract term. Significant zero rate estimates are reflected in the comments section.

Forward Looking Statement. Statements contained in this Fleet Status Report that are not historical facts are forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. Forward-looking statements include words or phrases such as “anticipate,” “believe,” “estimate,” “expect,” “intend,” “plan,” “project,” “could,” “may,” “might,” “should,” “will” and similar words and specifically include statements involving future rig day rates; cost adjustments; utilization; estimated rig availability; contract duration, status, terms and other contract commitments; customers; rig enhancement projects; new rig commitments; the expected period of time and number of rigs that will be in a shipyard for repairs, maintenance, enhancement or construction; and scheduled delivery dates for new rigs. Such statements are subject to numerous risks, uncertainties and assumptions that may cause actual results to vary materially from those indicated, including governmental regulatory, legislative and permitting requirements affecting drilling operations; changes in worldwide rig supply and demand, competition and technology; future levels of offshore drilling activity; downtime and other risks associated with offshore rig operations, relocations, severe weather or hurricanes; possible cancellation or suspension of drilling contracts as a result of mechanical difficulties, performance or other reasons; risks inherent to shipyard rig construction, repair, maintenance or enhancement; actual contract commencement dates; environmental or other liabilities, risks or losses; our ability to attract and retain skilled personnel on commercially reasonable terms; governmental action, civil unrest and political and economic uncertainties; terrorism, piracy and military action; and the outcome of litigation, legal proceedings, investigations or other claims or contract disputes.  In addition to the numerous factors described above, you should also carefully read and consider “Item 1A. Risk Factors” in Part I and “Item 7. Management’s Discussion and Analysis of Financial Condition and Results of Operations” in Part II of our most recent annual report on Form 10-K, as updated in our subsequent quarterly reports on Form 10-Q, which are available on the SEC’s website at www.sec.gov or on the Investor Relations section of our website at www.enscoplc.com.  Each forward-looking statement speaks only as of the date of the particular statement, and we undertake no obligation to publicly update or revise any forward looking statements, except as required by law.

Page 10 of 10