<<

Case 20-34114 Document 528 Filed in TXSB on 10/19/20 Page 1 of 58

UNITED STATES BANKRUPTCY COURT SOUTHERN DISTRICT OF TEXAS DIVISION

) In re: ) Chapter 11 ) , et al.,1 ) Case No. 20-34114 (MI) ) Debtors. ) (Jointly Administered) )

GLOBAL NOTES, METHODOLOGY, AND SPECIFIC DISCLOSURES REGARDING THE DEBTORS’ SCHEDULES OF ASSETS AND LIABILITIES AND STATEMENTS OF FINANCIAL AFFAIRS

Introduction

Valaris plc (“Valaris”) and its debtor affiliates, as debtors and debtors in possession in the above-captioned chapter 11 cases (collectively, the “Debtors”), with the assistance of their advisors, have filed their respective Schedules of Assets and Liabilities (the “Schedules”) and Statements of Financial Affairs (the “Statements,” and together with the Schedules, the “Schedules and Statements”) with the United States Bankruptcy Court for the Southern District of Texas (the “Bankruptcy Court”), under section 521 of title 11 of the United States Code (the “Bankruptcy Code”), Rule 1007 of the Federal Rules of Bankruptcy Procedure (the “Bankruptcy Rules”), and Rule 1007-1 of the Bankruptcy Local Rules for the Southern District of Texas (the “Local Rules”).

These Global Notes, Methodology, and Specific Disclosures Regarding the Debtors’ Schedules of Assets and Liabilities and Statements of Financial Affairs (the “Global Notes”) pertain to, are incorporated by reference in, and comprise an integral part of all of the Debtors’ Schedules and Statements. The Global Notes should be referred to, considered, and reviewed in connection with any review of the Schedules and Statements.

The Schedules and Statements do not purport to represent financial statements prepared in accordance with Generally Accepted Accounting Principles in the United States (“GAAP”), nor are they intended to be fully reconciled with the financial statements of each Debtor. Additionally, the Schedules and Statements contain unaudited information that is subject to further review and potential adjustment and reflects the Debtors’ reasonable efforts to report the assets and liabilities of each Debtor on an unconsolidated basis.

1 A complete list of each of the Debtors in these chapter 11 cases may be obtained on the website of the Debtors’ proposed claims and noticing agent at http://cases.stretto.com/Valaris. The location of Debtor Ensco Incorporated’s principal place of business and the Debtors’ service address in these chapter 11 cases is 5847 San Felipe Street, Suite 3300, Houston, Texas 77057.

Case 20-34114 Document 528 Filed in TXSB on 10/19/20 Page 2 of 58

The Debtors and their agents, attorneys, and advisors do not guarantee or warrant the accuracy or completeness of the data that is provided herein and shall not be liable for any loss or injury arising out of or caused in whole or in part by the acts, errors, or omissions, whether negligent or otherwise, in procuring, compiling, collecting, interpreting, reporting, communicating, or delivering the information contained herein. While reasonable efforts have been made to provide accurate and complete information herein (including overcoming challenges imposed in connection with the COVID-19 pandemic), inadvertent errors or omissions may exist. Additionally, technological limitations, including inaccessibility of certain legacy systems, may limit the scope of available information. The Debtors and their agents, attorneys, and advisors expressly do not undertake any obligation to update, modify, revise, or re-categorize the information provided herein, or to notify any third party should the information be updated, modified, revised, or re-categorized. In no event shall the Debtors or their agents, attorneys, and advisors be liable to any third party for any direct, indirect, incidental, consequential, or special damages (including damages arising from the disallowance of a potential claim against the Debtors or damages to business reputation, lost business, or lost profits), whether foreseeable or not and however caused, even if the Debtors or their agents, attorneys, and advisors are advised of the possibility of such damages.

Ms. Colleen Grable, Debtor Valaris plcs Corporate Controller, has signed each of the Schedules and Statements. Ms. Grable is an authorized signatory for each of the Debtors. In reviewing and signing the Schedules and Statements, Ms. Grable necessarily has relied upon the efforts, statements, and representations of various personnel employed by the Debtors and their advisors. Ms. Grable has not (and could not have) personally verified the accuracy of each statement and representation contained in the Schedules and Statements, including statements and representations concerning amounts owed to creditors, classification of such amounts, and creditor addresses.

Global Notes and Overview of Methodology

1. Reservation of Rights. Reasonable efforts have been made to prepare and file complete and accurate Schedules and Statements, but inadvertent errors or omissions may exist. The Debtors reserve all rights to: (i) amend or supplement the Schedules and Statements from time to time, in all respects, as may be necessary or appropriate, including the right to amend the Schedules and Statements with respect to the description, designation, or Debtor against which any claim against a Debtor (“Claim”)2 is asserted; (ii) dispute or otherwise assert offsets or defenses to any Claim reflected in the Schedules and Statements as to amount, liability, priority, status, or classification; (iii) subsequently designate any Claim as “disputed,” “contingent,” or “unliquidated;” or (iv) object to the extent, validity, enforceability, priority, or avoidability of any Claim (regardless of whether of such Claim is designated in the Schedules and Statements as “disputed,” “contingent,” or “unliquidated”). Any failure to designate a Claim in the Schedules and Statements as “disputed,” “contingent,” or “unliquidated” does not constitute an admission by the Debtors that such Claim or amount is not “disputed,” “contingent,” or “unliquidated.”

2 For the purposes of these Global Notes, the term Claim shall have the meaning as defined under section 101(5) of the Bankruptcy Code.

2

Case 20-34114 Document 528 Filed in TXSB on 10/19/20 Page 3 of 58

Listing a Claim does not constitute an admission of liability by the Debtor against which the Claim is listed or against any of the Debtors. Furthermore, nothing contained in the Schedules and Statements shall constitute a waiver of rights with respect to the Debtors’ chapter 11 cases, including, issues involving Claims, substantive consolidation, defenses, equitable subordination, and/or causes of action arising under the provisions of chapter 5 of the Bankruptcy Code and any other relevant non-bankruptcy laws to recover assets or avoid transfers. Any specific reservation or rights contained elsewhere in the Global Notes does not limit in any respect the general reservation of rights contained in this paragraph. Notwithstanding the foregoing, the Debtors shall not be required to update the Schedules and Statements.

2. COVID-19. The Debtors prepared and filed these Schedules and Statements during the unprecedented circumstances arising from the global COVID-19 pandemic. The Debtors have not (and could not have) assessed the impact these circumstances may have on the disclosures contained herein. The Debtors have made their best efforts to provide the best available information despite this crisis.

3. Description of Cases and “As Of” Information Date. On August 19, 2020 (the “Petition Date”), the Debtors filed voluntary petitions for relief under chapter 11 of the Bankruptcy Code.

The asset and liability information provided herein represents the liability data of the Debtors as of the Petition Date, except as otherwise noted.

4. Net Book Value of Assets. Unless otherwise indicated, the Debtors’ Schedules and Statements reflect net book values as of August 19, 2020. The book values of certain assets may materially differ from their fair market values and/or the Debtors’ enterprise valuation that will be prepared in connection with the disclosure statement to the Debtors’ chapter 11 plan of reorganization. For the avoidance of doubt, nothing contained in the Schedules and Statements is indicative of the Debtors’ enterprise value.

Book values of assets prepared in accordance with GAAP generally do not reflect the current performance of the assets or the impact of the industry environment and may differ materially from the actual value and/or performance of the underlying assets. Given the recent volatility in the oil and gas industry, this difference may be material.

5. Recharacterization. Notwithstanding the Debtors’ reasonable efforts to properly characterize, classify, categorize, or designate certain Claims, assets, executory contracts, unexpired leases, and other items reported in the Schedules and Statements, the Debtors may nevertheless have improperly characterized, classified, categorized, designated, or omitted certain items due to the complexity and size of the Debtors’ businesses. Accordingly, the Debtors reserve all of their rights to recharacterize, reclassify, recategorize, redesignate, add, or delete items reported in the Schedules and Statements at a later time as is necessary or appropriate as additional information becomes available, including, whether contracts or leases listed herein were deemed executory or unexpired as of the Petition Date and remain executory and unexpired postpetition.

3

Case 20-34114 Document 528 Filed in TXSB on 10/19/20 Page 4 of 58

6. Liabilities. The Debtors have sought to allocate liabilities between the prepetition and postpetition periods based on the information and research conducted in connection with the preparation of the Schedules and Statements. As additional information becomes available and further research is conducted, the allocation of liabilities between the prepetition and postpetition periods may change. Accordingly, the Debtors reserve all of their rights to amend, supplement, or otherwise modify the Schedules and Statements as is necessary or appropriate.

7. Excluded Assets and Liabilities. The Debtors have excluded certain categories of assets, tax accruals, and liabilities from the Schedules and Statements, including accrued salaries, employee benefit accruals, and accrued accounts payable. The Debtors also have excluded rejection damage Claims of counterparties to executory contracts and unexpired leases that may or may not be rejected, to the extent such damage Claims exist. In addition, certain immaterial assets and liabilities may have been excluded.

The Bankruptcy Court has authorized (but not directed) the Debtors to pay, in their discretion, certain outstanding Claims on a postpetition basis. As discussed below, prepetition liabilities that the Debtors have paid postpetition or those which the Debtors plan to pay via this authorization may not be listed in the Schedules and Statements.

8. Insiders. For purposes of the Schedules and Statements, the Debtors defined “insiders” pursuant to section 101(31) of the Bankruptcy Code as: (a) directors; (b) officers; (c) persons in control of the Debtors; (d) relatives of the Debtors’ directors, officers, or persons in control of the Debtors; and (e) debtor/non-debtor affiliates of the foregoing. Persons listed as “insiders” have been included for informational purposes only and by including them in the Schedules, shall not constitute an admission that those persons are insiders for purposes of section 101(31) of the Bankruptcy Code. Moreover, the Debtors do not take any position with respect to: (a) any insider’s influence over the control of the Debtors; (b) the management responsibilities or functions of any such insider; (c) the decision making or corporate authority of any such insider; or (d) whether the Debtors or any such insider could successfully argue that he or she is not an “insider” under applicable law or with respect to any theories of liability or for any other purpose.

9. Personally Identifiable Information. The U.K. Data Protection Act of 1998 (the “Act”), as well as applicable European Union regulations, including the European General Data Protection Regulation (“GDPR”), prevent “data controllers,” which includes the Debtors, from disclosing personally identifiable information. The Act defines personally identifiable information, in part, as “data which relate to a living individual who can be identified (a) from those data, or (b) from those data and other information which is in the possession of, or is likely to come into the possession of, the data controller.” Violation of the Act, GDPR, or other applicable regulations could subject the Debtors to serious financial penalties or other pecuniary actions. To avoid any conflict with the Act, GDPR, and other applicable regulations, the Schedules and Statements do not contain personally identifiable information that is protected by such policies. Payments made to non-insider individuals, or liabilities owed to non-insider individuals may have been excluded from the Schedules and Statements.

4

Case 20-34114 Document 528 Filed in TXSB on 10/19/20 Page 5 of 58

10. Intellectual Property Rights. Exclusion of certain intellectual property shall not be construed as an admission that such intellectual property rights have been abandoned, terminated, assigned, expired by their terms, or otherwise transferred pursuant to a sale, acquisition, or other transaction. Conversely, inclusion of certain intellectual property shall not be construed to be an admission that such intellectual property rights have not been abandoned, have not been terminated or otherwise expired by their terms, or have not been assigned or otherwise transferred pursuant to a sale, acquisition, or other transaction. The Debtors have made every effort to attribute intellectual property to the rightful Debtor owner, however, in some instances intellectual property owned by one Debtor may, in fact, be owned by another. Accordingly, the Debtors reserve all of their rights with respect to the legal status of any and all such intellectual property rights.

11. Executory Contracts. Although the Debtors made reasonable efforts to attribute an executory contract to its rightful Debtor, in certain instances, the Debtors may have inadvertently failed to do so due to the complexity and size of the Debtors’ businesses. Accordingly, the Debtors reserve all of their rights with respect to the named parties of any and all executory contracts, including the right to amend Schedule G.

12. Classifications. Listing (a) a Claim on Schedule D as “secured;” (b) a Claim on Schedule E/F as “priority;” (c) a Claim on Schedule E/F as “unsecured;” or (d) a contract on Schedule G as “executory” or “unexpired,” does not constitute an admission by the Debtors of the legal rights of the claimant or a waiver of the Debtors’ rights to recharacterize or reclassify such Claims or contracts or to setoff of such Claims.

13. Claims Description. Schedules D and E/F permit each of the Debtors to designate a Claim as “disputed,” “contingent,” and/or “unliquidated.” Any failure to designate a Claim on a given Debtor’s Schedules and Statements as “disputed,” “contingent,” or “unliquidated” does not constitute an admission by that Debtor that such amount is not “disputed,” “contingent,” or “unliquidated,” or that such Claim is not subject to objection. The Debtors reserve all of their rights to dispute, or assert offsets or defenses to, any Claim reflected on their respective Schedules and Statements on any grounds, including liability or classification. Additionally, the Debtors expressly reserve all of their rights to subsequently designate such Claims as “disputed,” “contingent,” or “unliquidated.” Moreover, listing a Claim does not constitute an admission of liability by the Debtors.

14. Causes of Action. Despite their reasonable efforts to identify all known assets, the Debtors may not have listed all of their causes of action or potential causes of action against third- parties as assets in the Schedules and Statements, including causes of action that are required to be kept confidential and causes of action arising under the provisions of chapter 5 of the Bankruptcy Code and any other relevant non-bankruptcy laws to recover assets or avoid transfers. The Debtors reserve all of their rights with respect to any cause of action (including avoidance actions), controversy, right of setoff, cross claim, counterclaim, or recoupment and any claim on contracts or for breaches of duties imposed by law or in equity, demand, right, action, lien, indemnity, guaranty, suit, obligation, liability, damage, judgment, account, defense, power, privilege, license, and franchise of any kind or character whatsoever, known, unknown, fixed or contingent, matured or unmatured, suspected or unsuspected, liquidated or unliquidated, disputed or undisputed, secured or

5

Case 20-34114 Document 528 Filed in TXSB on 10/19/20 Page 6 of 58

unsecured, assertable directly or derivatively, whether arising before, on, or after the Petition Date, in contract or in tort, in law or in equity, or pursuant to any other theory of law (collectively, “Causes of Action”) they may have, and neither these Global Notes nor the Schedules and Statements shall be deemed a waiver of any claims or Causes of Action or in any way prejudice or impair the assertion of such claims or Causes of Action.

15. Summary of Significant Reporting Policies. The following is a summary of significant reporting policies:

 Undetermined Amounts. The description of an amount as “unknown,” “TBD,” or “undetermined” is not intended to reflect upon the materiality of such amount.

 Totals. All totals that are included in the Schedules and Statements represent totals of all known amounts. To the extent there are unknown or undetermined amounts, the actual total may be different than the listed total.

 Paid Claims. The Debtors were authorized (but not directed) to pay certain outstanding prepetition Claims pursuant to various orders entered by the Bankruptcy Court. Accordingly, certain outstanding liabilities that have been reduced by postpetition payments made on account of prepetition liabilities have been designated as either contingent or unliquidated. To the extent the Debtors pay any of the Claims listed in the Schedules and Statements pursuant to any orders entered by the Bankruptcy Court, the Debtors reserve all of their rights to amend or supplement the Schedules and Statements or take other action as is necessary or appropriate to avoid over-payment of or duplicate payments for any such liabilities.

 Unknown Debtors. In certain instances, certain contracts did not specify a particular Debtor or included the incorrect legal entity as the contractual counterparty. With regards to environmental liabilities, on occasion, the applicable governmental agency notified the Debtors of a potential environmental liability, but did not specify which particular Debtor may have incurred the liability. In these instances, responses have been listed in the appropriate Statement or Schedule at Valaris plc out of an abundance of caution.

 Branches. Certain Debtors have operational branches in various jurisdictions. In certain instances, branches have been historically treated as a separate entity for accounting purposes, but such branches are not separate legal entities. Thus, branches have been treated as consolidated with the relevant Debtor entity for purposes of reporting in the Statements and Schedules.

 Liens. Property and equipment listed in the Schedules and Statements are presented without consideration of any liens that may attach (or have attached) to such property and equipment.

16. Currency. Unless otherwise indicated, all amounts are reflected in U.S. dollars. Currency conversions are generally as of the Petition Date.

6

Case 20-34114 Document 528 Filed in TXSB on 10/19/20 Page 7 of 58

17. Intercompany Payables and Receivables. Intercompany payables and receivables between the Debtors as of the Petition Date are set forth on Schedule E/F or Schedule A/B.77, as applicable.

As described more fully in the Debtors’ Emergency Motion for Entry of Interim and Final Orders (I) Authorizing the Debtors to (A) Continue to Operate Their Cash Management System and Maintain Existing Bank Accounts and (B) Continue to Perform Intercompany Transactions and (II) Granting Related Relief [Docket No. 30] (the “Cash Management Motion”), the Debtors engage in a range of intercompany transactions in the ordinary course of business. Pursuant to the order granting the relief requested in the Cash Management Motion [Docket No. 251] (the “Cash Management Order”), the Bankruptcy Court has granted the Debtors authority to continue the intercompany transactions in the ordinary course of business. Thus, intercompany balances as of the Petition Date, as set forth in Schedule E/G or Schedule A/B.77 may not accurately reflect current positions.

The listing by the Debtors of any account between a Debtor and another Debtor or between a Debtor and a non-Debtor affiliate is a statement of what appears in a particular Debtor’s books and records and does not reflect any admission or conclusion of the Debtors regarding the allowance, classification, characterization, validity, or priority of such account. The Debtors take no position in these Schedules and Statements as to whether such accounts would be allowed as a Claim, an Interest, or not allowed at all. The Debtors reserve all rights with respect to such accounts. Due to branch accounting, as described above, in some instances a Debtor may show a net payable or receivable due to or from itself, which arises due to treatment of entity branches as separate entities for accounting purposes. As described above, branches do not constitute separate legal entities.

18. Setoffs. The Debtors periodically incur certain setoffs in the ordinary course of business.

Setoffs in the ordinary course can result from various items including, but not limited to, intercompany transactions, pricing discrepancies, returns, warranties, credits, refunds, negotiations, and/or disputes between Debtors and their vendors or customers regarding regulatory or governmental impositions costs incurred by Debtors, and other disputes between the Debtors and their customers and/or suppliers. These normal setoffs are consistent with the ordinary course of business in the Debtors’ industry and can be particularly voluminous, making it unduly burdensome and costly for the Debtors to list such ordinary course setoffs. Therefore, although such setoffs and other similar rights may have been accounted for when scheduling certain amounts, these ordinary course setoffs are not independently accounted for, and as such, are or may be excluded from the Debtors’ Schedules and Statements.

19. Global Notes Control. In the event that the Schedules and Statements differ from these Global Notes, the Global Notes shall control.

Specific Disclosures with Respect to the Debtors’ Schedules

Schedules Summary. Except as otherwise noted, the asset and liability information provided herein represents the Debtors’ assets and liabilities as of the Petition Date.

7

Case 20-34114 Document 528 Filed in TXSB on 10/19/20 Page 8 of 58

For financial reporting purposes, the Debtors and certain of their non-Debtor affiliates ordinarily prepare consolidated financial statements. Unlike the consolidated financial statements, the Schedules reflect the assets and liabilities of each Debtor on a nonconsolidated basis, except where otherwise indicated. Accordingly, the totals listed in the Schedules will likely differ, at times materially, from the consolidated financial reports prepared by the Debtors for financial reporting purposes or otherwise.

The Schedules do not purport to represent financial statements prepared in accordance with GAAP, nor are they intended to be fully reconciled with the financial statements of each Debtor. Certain write-downs, impairments, and other accounting adjustments may not be reflected in the Schedules. Additionally, the Schedules contain unaudited information that is subject to further review and potential adjustment, and reflect the Debtors’ reasonable best efforts to report the assets and liabilities of each Debtor on an unconsolidated basis. Moreover, given, among other things, the uncertainty surrounding the collection and ownership of certain assets and the valuation and nature of certain liabilities, to the extent that a Debtor shows more assets than liabilities, this is not an admission that the Debtor was solvent as of the Petition Date or at any time before the Petition Date. Likewise, to the extent a Debtor shows more liabilities than assets, this is not an admission that the Debtor was insolvent as of the Petition Date or at any time before the Petition Date.

Schedule A/B.3. The bank account balances listed are as of the Petition Date and may vary from book balances. While certain individual accounts may be listed in Schedule A/B.3 with a negative balance, the Debtors and their banks view the cash pool as a single aggregated system which has a net positive balance.

Schedule A/B.15. Equity interests in subsidiaries and affiliates primarily arise from common stock ownership or member or partnership interests. For purposes of these Schedules, the Debtors have listed an undetermined value for the equity interests of all subsidiaries and affiliates. Nothing in these Schedules is an admission or conclusion of the Debtors regarding the value of such subsidiary and affiliate equity interests, which, under certain fair market or enterprise valuation analyses, may have value. The book values of certain assets may materially differ from their fair market values and/or the Debtors’ enterprise valuation to be prepared in connection with the Disclosure Statement.

Book values of assets prepared in accordance with GAAP generally do not reflect the current performance of the assets or the impact of the industry environment and may differ materially from the actual value and/or performance of the underlying assets. Given the recent volatility in the oil and gas industry, this difference may be material. As such, the value listed in these Schedules and Statements cannot be, and was not, used to determine the Debtors’ enterprise valuation.

Schedule A/B.77. The listing by the Debtors of any account between a Debtor and another Debtor or between a Debtor and a non-Debtor affiliate is a statement of what appears in a particular Debtor’s books and records and does not reflect any admission or conclusion of the Debtors regarding the allowance, classification, characterization, validity, or priority of such account. The Debtors take no position in these Schedules and Statements as to whether such accounts would be allowed as a Claim, an Interest, or not allowed at all. The Debtors and all parties in interest reserve all rights with respect to such accounts.

8

Case 20-34114 Document 528 Filed in TXSB on 10/19/20 Page 9 of 58

Schedule D. The Debtors have not included parties that may believe their Claims are secured through setoff rights, inchoate statutory lien rights, or other lien rights created by the laws of the various jurisdictions in which the Debtors operate.

Descriptions provided on Schedule D are intended only to be a summary. Reference to the applicable loan agreements and related documents is necessary for a complete description of the collateral and the nature, extent, and priority of any liens.

Schedule E/F. The listing by the Debtors of any account between a Debtor and another Debtor or between a Debtor and a non-Debtor affiliate is a statement of what appears in a particular Debtor’s books and records and does not reflect any admission or conclusion of the Debtors regarding the allowance, classification, characterization, validity, or priority of such account. The Debtors take no position in these Schedules and Statements as to whether such accounts would be allowed as a Claim, an Interest, or not allowed at all. The Debtors and all parties in interest reserve all rights with respect to such accounts. Various Debtors are borrowers, and certain of the other Debtors are guarantors, under prepetition funded obligations. Although there are numerous beneficial holders of such debt, only the administrative agents and indenture trustees, as applicable, have been listed for purposes of Schedule E/F, where applicable.

The claims of individual creditors for, among other things, goods, products, services, or taxes are listed as the amounts entered on the Debtors’ books and records and may not reflect credits, allowances, or other adjustments due from such creditors to the Debtors. The Debtors reserve all of their rights with regard to such credits, allowances, and other adjustments, including the right to assert claims objections and/or setoffs with respect to the same.

Under the Final Order (I) Authorizing the Payment of Certain Prepetition Taxes and Fees, and (II) Granting Related Relief [Docket No. 238] (the “Tax Order”), the Bankruptcy Court granted the Debtors authority to pay the prepetition Claims of regulatory authorities on account of taxes and fees. The amounts accrued and payable on account of such Claims may not be reflected on the Schedule E/F.

Under the Final Order (I) Authorizing the Payment of Non-U.S. Claims, Lien Claims, 503(B)(9) Claims, and HSE and Other Claims, (II) Confirming Administrative Expense Priority of Outstanding Purchase Orders, and (III) Granting Related Relief [Docket No. 239] (the “Supplier Order”), the Bankruptcy Court granted the Debtors authority to pay the prepetition Claims of certain Specified Trade Claimants, as defined in the Supplier Order. To the extent the claim of a Specified Trade Claimant may be paid under the Supplier Order, but remains outstanding at the time of the filing of the Schedules, such claim may be listed in the Schedules as a contingent claim.

Under the Final Order (I) Authorizing the Debtors to (A) Pay Prepetition Wages, Salaries, Other Compensation, and Reimbursable Expenses and (B) Continue Employee Benefits Programs and (II) Granting Related Relief [Docket No. 250] (the “Wages Order”), the Bankruptcy Court granted the Debtors authority to pay or honor certain prepetition obligations for employee wages, salaries, and other compensation, reimbursable employee expenses, and employee medical and similar benefits. The Debtors have not listed on Schedule E/F any wage or wage-related obligations for which the Debtors have been granted authority to pay pursuant to any order that has been entered by the Bankruptcy Court. The Debtors believe that all such claims have been, or will be, satisfied

9

Case 20-34114 Document 528 Filed in TXSB on 10/19/20 Page 10 of 58

in the ordinary course during their chapter 11 cases pursuant to the authority granted in the Wages Order.

Schedule E/F does not include certain deferred charges, deferred liabilities, accruals, or general reserves. Such amounts are, however, reflected on the Debtors’ books and records as required in accordance with GAAP. Such accruals are general estimates of liabilities and do not represent specific Claims as of the Petition Date. The Debtors have made every effort to include as contingent, unliquidated, or disputed the Claim of any vendor not included on the Debtors’ open accounts payable that is associated with an account that has an accrual or receipt not invoiced. Further, in addition to the items listed in Schedule E/F, certain of the Debtors, from time to time, provide performance guarantees of obligations of certain other Debtors or Debtor affiliates in connection with various contractual obligations, which may not be listed in the Schedules.

Schedule G. Although reasonable efforts have been made to ensure the accuracy of Schedule G regarding executory contracts and unexpired leases, inadvertent errors, omissions or over- inclusion may have occurred in preparing Schedule G. Certain of the instruments reflected on Schedule G may contain renewal options, guarantees of payments, options to purchase, rights of first refusal, and other miscellaneous rights. Such rights, powers, duties, and obligations are not separately set forth on Schedule G. The Debtors hereby expressly reserve the right to assert that any instrument listed on Schedule G is an executory contract within the meaning of section 365 of the Bankruptcy Code. The Debtors reserve all of their rights, claims, and causes of action with respect to claims associated with any contracts and agreements listed on Schedule A/B, including their right to dispute or challenge the characterization or the structure of any transaction, document, or instrument (including any intercompany agreement) related to a creditor’s claim.

Certain confidentiality, hold harmless, and non-compete agreements may not be listed on Schedule G. In addition, agreements and underlying documentation related to the Debtors’ prepetition debt is not included in Schedule G. The Debtors reserve all of their rights with respect to such agreements.

Certain of the contracts and agreements listed on Schedule G may consist of several parts, including, purchase orders, amendments, restatements, waivers, letters, and other documents that may not be listed on Schedule G or that may be listed as a single entry.

The contracts, agreements, and leases listed on Schedule G may have expired or may have been modified, amended, or supplemented from time to time by various amendments, restatements, waivers, estoppel certificates, letters, memoranda, and other documents, instruments, and agreements that may not be listed therein despite the Debtors’ use of reasonable efforts to identify such documents. Further, unless otherwise specified on Schedule G, each executory contract or unexpired lease listed thereon shall include all exhibits, schedules, riders, modifications, declarations, amendments, supplements, attachments, restatements, or other agreements made directly or indirectly by any agreement, instrument, or other document that in any manner affects such executory contract or unexpired lease, without respect to whether such agreement, instrument, or other document is listed thereon. In some cases, the same supplier or provider appears multiple times on Schedule G. This multiple listing is intended to reflect distinct agreements between the applicable Debtor and such supplier or provider.

10

Case 20-34114 Document 528 Filed in TXSB on 10/19/20 Page 11 of 58

Schedule H. Although there are multiple beneficial holders of the Debtors’ prepetition debt, only the administrative agents and indenture trustees have been listed on Schedule H.

Specific Disclosures with Respect to the Debtors’ Statements

Statement 1. Negative values appearing in Statement 1 relate to legacy accounting adjustments.

Statement 3. In Statement 3, disbursements made on account of multiple invoices may be reflected as a single payment.

All disbursements listed in Statement 3 are made through the Debtors’ cash management system, more fully described in the Cash Management Motion. Dates listed in Statement 3 reflect the dates upon which the Debtor transferred funds to the relevant payee or disbursing agent. Certain disbursements may be excluded from Statement 3, including expense reimbursements to employees, disbursement to retained professionals (reported elsewhere), and any other payments made related to or on behalf of non-insider individuals. Certain payroll-related passthrough payments have been excluded from Statement 3.

Prepetition, the Debtors established an escrow account for the purpose of funding certain fees and other obligations, the payment of which were a precondition to the effectiveness of that certain Restructuring Support Agreement, dated as of August 18, 2020, by and between the Debtors and certain of their stakeholders. The payments out of such escrow account are disclosed on the Schedules and Statements of Debtor Valaris plc. All such payments were initiated prior to the filing of any of the Debtors’ chapter 11 petitions.

Statement 4/30. Individual payments to Debtor affiliates are not reflected in Statement 4 due to their complexity and voluminous nature. The Debtors have reported net quarterly intercompany positions in Statement 4. In addition, intercompany payables and receivables as of the Petition Date can be found on Schedule E/F and Schedule AB.

Statement 11. All disbursements listed in Statement 11 were initiated and disbursed by ENSCO Incorporated, Ensco International Ltd., and Valaris plc but were for the benefit of all Debtors.

Statement 20. The Debtors have listed locations that are leased and/or owned. Locations of all capital spares are not listed here.

Statements 22-24. The Debtors historically have operated over a substantial period of time and periodically have (i) been party to judicial and administrative proceedings under environmental laws, (ii) received notification from governmental units of potential liability under, or violations of, environmental laws and (iii) notified governmental units of releases of hazardous materials. The Debtors may no longer have active operations in a particular jurisdiction and may no longer have relevant records, or the records may no longer be complete or reasonably accessible or reviewable. In some cases, statutory document retention periods have passed. Further, some individuals who once possessed responsive information are no longer employed by the Debtors. For all these reasons, it may not be reasonably possible to identify and supply all of the requested information that is responsive to Statements 22-24. The Debtors have made commercially reasonable efforts to provide responsive information for matters and issues that have arisen and/or

11

Case 20-34114 Document 528 Filed in TXSB on 10/19/20 Page 12 of 58

that the Debtors consider to have been resolved between August 20, 2015 and October 2, 2020. The Debtors acknowledge the possibility that information related to proceedings, governmental notices and reported releases of hazardous materials responsive to Statements 22-24 may be discovered subsequent to the filing of the Schedules and Statements. The Debtors reserve the right to supplement or amend this response in the future if additional information becomes available.

This response covers proceedings, governmental notices and reported releases of hazardous materials related to the primary applicable environmental laws and does not include proceedings, governmental notices or reported releases related to non-environmental laws, such as occupational safety and health laws or general transportation laws. This response is also limited to identifying circumstances in which governmental agencies have alleged in writing that particular operations of the Debtors are in violation of environmental laws and proceedings that have resulted from alleged violations of environmental laws. This response does not cover: (i) periodic information requests, investigations or inspections from governmental units concerning compliance with environmental laws; or (ii) routine reports and submissions concerning permitted discharges resulting from routine operations where such reports and submissions were made in compliance with regulatory requirements, such as monthly discharge monitoring reports, quarterly and annual air emissions reports, quarterly and annual groundwater monitoring reports, deviation/exceedance reports and annual toxic release inventory reports. This response assumes that any information provided in response to Statement 22 is also deemed to have been provided in response to Statement 23 and vice versa, as appropriate. In addition, Statement 7 may identify information that is also responsive to Statement 22 or 23.

Statement 25. Information listed in Statement 25 is based on best historical corporate structure information. Certain dates of ownership may be approximate and certain historical address information may be unavailable for entities that no longer exist. In the case of non-U.S. entities, company registration numbers may be listed in place of U.S. tax ID numbers.

Statement 26d. Certain of the Debtors are registrants with the Securities and Exchange Commission (the “SEC”) and file with such agency periodic financial reports on a consolidated basis. These reports also contain information about those Debtors’ finances and are available publicly through the Company’s website.

Statement 28. Ownership interests listed in Statement 28 reflect shares directly held.

[Remainder of page intentionally left blank.]

12

Case 20-34114 Document 528 Filed in TXSB on 10/19/20 Page 13 of 58

Rowan Norway Limited

Southern Texas, Houston Divison 20-34172 (MI)

0.00

54,608,666.94 + undetermined amounts

54,608,666.94 + undetermined amounts

0.00

5a 0.00

29,058,967.30 5b + undetermined amounts

29,058,967.30 + undetermined amounts Case 20-34114 Document 528 Filed in TXSB on 10/19/20 Page 14 of 58

Rowan Norway Limited

Southern Texas, Houston Divison 20-34172 (MI)

X

0.00

See Attached Rider 3,190,257.96

None 0.00

3,190,257.96

X

None 0.00 Case 20-34114 Document 528 Filed in TXSB on 10/19/20 Page 15 of 58

Rowan Norway Limited 20-34172 (MI)

See Attached Rider 1,569,947.23

1,569,947.23

X

20,765,224.22 207,652.24 20,557,571.98

1,091,835.38 10,918.35 1,080,917.03

21,638,489.00

X

0.00 Case 20-34114 Document 528 Filed in TXSB on 10/19/20 Page 16 of 58

Rowan Norway Limited 20-34172 (MI)

X

None 0.00

None 0.00

None 0.00

Fuel Stock N/A 466,758.68 Net Book Value 466,758.68

466,758.68

X

X Undetermined N/A Undetermined

X

X Case 20-34114 Document 528 Filed in TXSB on 10/19/20 Page 17 of 58

Rowan Norway Limited 20-34172 (MI)

0.00

X

None 0.00

None 0.00

Computers - Hardware and Software 0.00 Net Book Value 0.00

None 0.00

0.00

X

X Case 20-34114 Document 528 Filed in TXSB on 10/19/20 Page 18 of 58

Rowan Norway Limited 20-34172 (MI)

X

None 0.00

None 0.00

None 0.00

Rig Equipment 2,157,009.26 Net Book Value 2,157,009.26

2,157,009.26

X

X Case 20-34114 Document 528 Filed in TXSB on 10/19/20 Page 19 of 58

Rowan Norway Limited 20-34172 (MI)

X

0.00

X

0.00 Case 20-34114 Document 528 Filed in TXSB on 10/19/20 Page 20 of 58

Rowan Norway Limited 20-34172 (MI)

X

None 0.00

See Attached Rider 0.00 + undetermined amounts

See Attached Rider

None 0.00

None 0.00

None 0.00

See Attached Rider 25,586,204.81

25,586,204.80 + undetermined amounts

X Case 20-34114 Document 528 Filed in TXSB on 10/19/20 Page 21 of 58

Rowan Norway Limited 20-34172 (MI)

3,190,257.96

1,569,947.23

21,638,489.00

0.00

466,758.68

0.00

0.00

2,157,009.26

0.00

0.00

25,586,204.80 + undetermined amounts

54,608,666.94 0.00 + undetermined amounts

54,608,666.94 + undetermined amounts Case 20-34114 Document 528 Filed in TXSB on 10/19/20 Page 22 of 58

Debtor Name: Rowan Norway Limited Case Number: 20-34172 (MI)

Assets - Real and Personal Property

Part 1, Question 3: Checking, savings, money market, or financial brokerage accounts

Name of institution (bank or brokerage Last 4 digits of account Current value of debtor's Type of account firm) number interest CITIBANK Disbursement Accounts 6270 $1,931.08

DNB BANK Disbursement Accounts 8014 $3,164,511.37

DNB BANK Earnings Accounts / Payroll 7980 $3,815.51 Accounts WELLS FARGO Miscellaneous Accounts 1268 $10,000.00

WELLS FARGO Earnings Accounts 6391 $10,000.00

TOTAL $3,190,257.96

Page 1 of 1 Case 20-34114 Document 528 Filed in TXSB on 10/19/20 Page 23 of 58

Debtor Name: Rowan Norway Limited Case Number: 20-34172 (MI)

Assets - Real and Personal Property

Part 2, Question 8: Prepayments, including prepayments on executory contracts, leases, insurance, taxes, and rent

Description Name of holder of prepayment Current value of debtor's interest Deferred Mobilization Costs Various $87,821.27 Miscellaneous Prepayments Various $1,050,248.92 Prepaid Insurance Various $440,366.94 Prepaid Rent Various ($8,489.90) TOTAL $1,569,947.23

Page 1 of 1 Case 20-34114 Document 528 Filed in TXSB on 10/19/20 Page 24 of 58

Debtor Name: Rowan Norway Limited Case Number: 20-34172 (MI)

Assets - Real and Personal Property

Part 11, Question 72: Tax refunds and unused net operating losses (NOLs)

Description Tax year Current value of debtor's interest Norway Corporate Tax NOL at deferred tax rate - ($.57mm) 2018 Undetermined Norway Corporate Tax NOL at deferred tax rate - ($4.14mm) 2020 Undetermined Norway Corporate Tax NOL at deferred tax rate - ($4.76mm) 2019 Undetermined TOTAL $0.00 + undetermined amounts

Page 1 of 1 Case 20-34114 Document 528 Filed in TXSB on 10/19/20 Page 25 of 58

Debtor Name: Rowan Norway Limited Case Number: 20-34172 (MI)

Assets - Real and Personal Property

Part 11, Question 73: Interests in insurance policies or annuities

Current value of debtor's Description Policy type Policy number interest TOTAL $0.00

Please refer to Valaris plc schedule AB question 73.

Page 1 of 1 Case 20-34114 Document 528 Filed in TXSB on 10/19/20 Page 26 of 58

Debtor Name: Rowan Norway Limited Case Number: 20-34172 (MI)

Assets - Real and Personal Property

Part 11, Question 77: Other property of any kind not already listed

Description Current value of debtor's interest

Accrued Revenue $10,112,255.87

Contract Assets $243,646.58

Employee Receivables $1,813.16

Intercompany Receivable from Ensco Transnational III Limited $7,800,515.82

Intercompany Receivable from Manatee Limited $5,194,808.98

Long Term ROU Asset $279,617.68

Unbilled Reimbursables $1,953,546.72

TOTAL $25,586,204.81

Page 1 of 1 Case 20-34114 Document 528 Filed in TXSB on 10/19/20 Page 27 of 58

Rowan Norway Limited Southern Texas, Houston Divison 20-34172 (MI)

X

Describe the lien

Describe the lien

0.00

2 Case 20-34114 Document 528 Filed in TXSB on 10/19/20 Page 28 of 58

Debtor Rowan Norway Limited Case number (if known) 20-34172 (MI) Name

Part 2: List Others to Be Notified for a Debt Already Listed in Part 1

List in alphabetical order any others who must be notified for a debt already listed in Part 1. Examples of entities that may be listed are collection agencies, assignees of claims listed above, and attorneys for secured creditors.

If no other need to be notified for the debts listed in Part 1, do not fill out or submit this page. If additional pages are needed, copy this page.

On which line in Part 1 Last 4 digits of Name and address did you enter the account number related creditor? for this entity

None

Official Form 206D Official Part 2 of Schedule D: Creditors Who Have Claims Secured by Property Page 2 of 2 Case 20-34114 Document 528 Filed in TXSB on 10/19/20 Page 29 of 58

Rowan Norway Limited

Southern Texas, Houston Divison 20-34172 (MI)

X

23 Case 20-34114 Document 528 Filed in TXSB on 10/19/20 Page 30 of 58

Rowan Norway Limited 20-34172 (MI)

A.W.C., INC. Undetermined P.O. BOX 974800 X DALLAS, TX 75397 X

Potential Trade Claim

Undetermined X

453.45 AAK SAFETY AS ORAN VEST ANDALSNES 6300 NORWAY

Trade Payable

Various

ABERMED LTD 308.02 4 ABERCROMBIE COURT ARNHALL BUSINESS PARK AB32 6FE Trade Payable

Various

Undetermined ACTIVE SERVICE AS SJOKRIGSSKOLEVEIEN 15 X LAKSEVAG 5165 X NORWAY

Potential Trade Claim

Undetermined X

11,170.95 ACUMENT INTL., INC. 17449 VILLAGE GREEN DR HOUSTON, TX 77040

Trade Payable

Various

ADVANCED RUPTURE DISK TECHNOLOGY Undetermined PO BOX "M" X KATY, TX 77492 X

Potential Trade Claim

Undetermined X

page 2 of 23 Case 20-34114 Document 528 Filed in TXSB on 10/19/20 Page 31 of 58

Debtor Rowan Norway Limited Case number (if known) 20-34172 (MI) Name

Part 2: Additional Page

Copy this page only if more space is needed. Continue numbering the lines sequentially from the previous page. Amount of claim If no additional NONPRIORITY creditors exist, do not fill out or submit this page.

3.7 Nonpriority creditor's name and mailing address $ Undetermined

AGILE RIG & MODULES As of the petition filing date, the claim is: Check all that apply.

X

X

Basis for the claim: Potential Trade Claim

Date or dates debt was incurred Undetermined Is the claim subject to offset? X No Last 4 digits of account number Yes

3.8 Nonpriority creditor's name and mailing address $ Undetermined

ALLKOPI AS As of the petition filing date, the claim is: SG FINANS AS. POSTBOKS 105 Check all that apply. LYSAKER 1325 NORWAY X X

Basis for the claim: Potential Trade Claim

Date or dates debt was incurred Undetermined Is the claim subject to offset? X No Last 4 digits of account number Yes

3.9 Nonpriority creditor's name and mailing address $ Undetermined

AMBIO INGENIORTJENESTER AS As of the petition filing date, the claim is: GODESETDALEN 10 Check all that apply. STAVANGER 4034 NORWAY X X

Basis for the claim: Potential Trade Claim

Date or dates debt was incurred Undetermined Is the claim subject to offset? X No Last 4 digits of account number Yes

3.10 Nonpriority creditor's name and mailing address $450.00

ANDA-OLSEN AS As of the petition filing date, the claim is: BLINDHEIM INDUSTRIVEG 2E Check all that apply. AALESUND 6020 NORWAY

Basis for the claim: Trade Payable

Date or dates debt was incurred Various Is the claim subject to offset? No Last 4 digits of account number Yes

3.11 Nonpriority creditor's name and mailing address $ Undetermined

ANSA TECHNOLOGIES LIMITED As of the petition filing date, the claim is: #40 CIPERO ROAD Check all that apply. SAN FERNANDO TRINIDAD & TOBAGO X X

Basis for the claim: Potential Trade Claim

Date or dates debt was incurred Undetermined Is the claim subject to offset? X No Last 4 digits of account number Yes

Official Form 206E/F Schedule E/F: Creditors Who Have Unsecured Claims Page 3 of 23 Case 20-34114 Document 528 Filed in TXSB on 10/19/20 Page 32 of 58

Debtor Rowan Norway Limited Case number (if known) 20-34172 (MI) Name

Part 2: Additional Page

Copy this page only if more space is needed. Continue numbering the lines sequentially from the previous page. Amount of claim If no additional NONPRIORITY creditors exist, do not fill out or submit this page.

3.12 Nonpriority creditor's name and mailing address $1,896.82

ASCO NORGE AS As of the petition filing date, the claim is: PO BOX 250 Check all that apply. TANANGER SOLA 4098 NORWAY

Basis for the claim: Trade Payable

Date or dates debt was incurred Various Is the claim subject to offset? No Last 4 digits of account number Yes

3.13 Nonpriority creditor's name and mailing address $ Undetermined

AVID CONTROLS, INC. As of the petition filing date, the claim is: Check all that apply.

X

X

Basis for the claim: Potential Trade Claim

Date or dates debt was incurred Undetermined Is the claim subject to offset? X No Last 4 digits of account number Yes

3.14 Nonpriority creditor's name and mailing address $70.00

BANK OF AMERICA COMMERCIAL CARD PAYMENT As of the petition filing date, the claim is: 1825 EAST BUCKEYE ROAD Check all that apply. DEPT 5667 PHOENIX, CA 85034

Basis for the claim: Trade Payable

Date or dates debt was incurred Various Is the claim subject to offset? No Last 4 digits of account number Yes

3.15 Nonpriority creditor's name and mailing address $ Undetermined

BOOTS NORGE AS As of the petition filing date, the claim is: RDC CONVERTED VENDOR Check all that apply. STAVANGER 4095 NORWAY X X

Basis for the claim: Potential Trade Claim

Date or dates debt was incurred Undetermined Is the claim subject to offset? X No Last 4 digits of account number Yes

3.16 Nonpriority creditor's name and mailing address $ Undetermined

BRANCE-KRACHY CO., INC. As of the petition filing date, the claim is: 195 S. 4TH STREET Check all that apply. BEAUMONT, TX 77701 X

X

Basis for the claim: Potential Trade Claim

Date or dates debt was incurred Undetermined Is the claim subject to offset? X No Last 4 digits of account number Yes

Official Form 206E/F Schedule E/F: Creditors Who Have Unsecured Claims Page 4 of 23 Case 20-34114 Document 528 Filed in TXSB on 10/19/20 Page 33 of 58

Debtor Rowan Norway Limited Case number (if known) 20-34172 (MI) Name

Part 2: Additional Page

Copy this page only if more space is needed. Continue numbering the lines sequentially from the previous page. Amount of claim If no additional NONPRIORITY creditors exist, do not fill out or submit this page.

3.17 Nonpriority creditor's name and mailing address $ Undetermined

BRIDON As of the petition filing date, the claim is: ICON BUILDING Check all that apply. FIRST POINT DONCASTER DN4 5JQ X UNITED KINGDOM X

Basis for the claim: Potential Trade Claim

Date or dates debt was incurred Undetermined Is the claim subject to offset? X No Last 4 digits of account number Yes

3.18 Nonpriority creditor's name and mailing address $22,513.88

CAMERON SENSE AS As of the petition filing date, the claim is: ANDOYFARET 3 Check all that apply. KRISTIANSAND 4623 NORWAY

Basis for the claim: Trade Payable

Date or dates debt was incurred Various Is the claim subject to offset? No Last 4 digits of account number Yes

3.19 Nonpriority creditor's name and mailing address $ Undetermined

CAVOTEC USA INC As of the petition filing date, the claim is: 333 OATES ROAD Check all that apply. MOORESVILLE, NC 28117 X

X

Basis for the claim: Potential Trade Claim

Date or dates debt was incurred Undetermined Is the claim subject to offset? X No Last 4 digits of account number Yes

3.20 Nonpriority creditor's name and mailing address $ Undetermined

CERTEX NORGE AS As of the petition filing date, the claim is: ATTN: RØYKEN NÆRINGSPARK Check all that apply. JOHAN FOLLESTADSVEI 6 AROS 3474 X NORWAY X

Basis for the claim: Potential Trade Claim

Date or dates debt was incurred Undetermined Is the claim subject to offset? X No Last 4 digits of account number Yes

3.21 Nonpriority creditor's name and mailing address $ Undetermined

CONTITECH OIL & MARINE CORP As of the petition filing date, the claim is: BLYTH WORKSPACE QUAY ROAD Check all that apply. BLYTH NORTHUMBERLAND NE24 3AF X UNITED KINGDOM X

Basis for the claim: Potential Trade Claim

Date or dates debt was incurred Undetermined Is the claim subject to offset? X No Last 4 digits of account number Yes

Official Form 206E/F Schedule E/F: Creditors Who Have Unsecured Claims Page 5 of 23 Case 20-34114 Document 528 Filed in TXSB on 10/19/20 Page 34 of 58

Debtor Rowan Norway Limited Case number (if known) 20-34172 (MI) Name

Part 2: Additional Page

Copy this page only if more space is needed. Continue numbering the lines sequentially from the previous page. Amount of claim If no additional NONPRIORITY creditors exist, do not fill out or submit this page.

3.22 Nonpriority creditor's name and mailing address $660.23

DNOW UK LIMITED As of the petition filing date, the claim is: PETERSEAT DRIVE Check all that apply. ALTENS ABERDEEN AB12 3HT UNITED KINGDOM

Basis for the claim: Trade Payable

Date or dates debt was incurred Various Is the claim subject to offset? No Last 4 digits of account number Yes

3.23 Nonpriority creditor's name and mailing address $ Undetermined

DNV GL NOBLE DENTON As of the petition filing date, the claim is: 1400 RAVELLO DRIVE Check all that apply. KATY, TX 77449 X

X

Basis for the claim: Potential Trade Claim

Date or dates debt was incurred Undetermined Is the claim subject to offset? X No Last 4 digits of account number Yes

3.24 Nonpriority creditor's name and mailing address $ Undetermined

DREXEL OILFIELD SERVICES, INC. As of the petition filing date, the claim is: PO BOX 459 ATABA Check all that apply. 06, ROAD 301 FIFTH SECTOR CAIRO X EGYPT X

Basis for the claim: Potential Trade Claim

Date or dates debt was incurred Undetermined Is the claim subject to offset? X No Last 4 digits of account number Yes

3.25 Nonpriority creditor's name and mailing address $ Undetermined

DRILLING CONTROLS As of the petition filing date, the claim is: DEPT 576 Check all that apply. P O BOX 4346 HOUSTON, TX 77210-4346 X X

Basis for the claim: Potential Trade Claim

Date or dates debt was incurred Undetermined Is the claim subject to offset? X No Last 4 digits of account number Yes

3.26 Nonpriority creditor's name and mailing address $2,270.03

ENSCO ASIA PACIFIC PTE. LIMITED As of the petition filing date, the claim is: MARINA BAY FINANCIAL CENTRE TOWER 1 Check all that apply. 8 MARINA BLVD. # 05-02 SINGAPORE 018981 SINGAPORE

Basis for the claim: Intercompany Payable

Date or dates debt was incurred Undetermined Is the claim subject to offset? X No Last 4 digits of account number Yes

Official Form 206E/F Schedule E/F: Creditors Who Have Unsecured Claims Page 6 of 23 Case 20-34114 Document 528 Filed in TXSB on 10/19/20 Page 35 of 58

Debtor Rowan Norway Limited Case number (if known) 20-34172 (MI) Name

Part 2: Additional Page

Copy this page only if more space is needed. Continue numbering the lines sequentially from the previous page. Amount of claim If no additional NONPRIORITY creditors exist, do not fill out or submit this page.

3.27 Nonpriority creditor's name and mailing address $7,000,855.45

ENSCO INTERNATIONAL INCORPORATED As of the petition filing date, the claim is: 5847 SAN FELIPE, SUITE 3300 Check all that apply. HOUSTON, TX 77057

Basis for the claim: Intercompany Payable

Date or dates debt was incurred Undetermined Is the claim subject to offset? X No Last 4 digits of account number Yes

3.28 Nonpriority creditor's name and mailing address $3,932,871.33

ENSCO INTERNATIONAL LTD. As of the petition filing date, the claim is: 110 CANNON STREET Check all that apply. EC4N 6EU UNITED KINGDOM

Basis for the claim: Intercompany Payable

Date or dates debt was incurred Undetermined Is the claim subject to offset? X No Last 4 digits of account number Yes

3.29 Nonpriority creditor's name and mailing address $103,075.09

ENSCO INTERNATIONAL LTD. As of the petition filing date, the claim is: 110 CANNON STREET Check all that apply. LONDON EC4N 6EU UNITED KINGDOM

Basis for the claim: Intercompany Revolver Payable

Date or dates debt was incurred Undetermined Is the claim subject to offset? X No Last 4 digits of account number Yes

3.30 Nonpriority creditor's name and mailing address $314.29

ENSCO LIMITED As of the petition filing date, the claim is: ONE CAPITAL PLACE, 3RD FLOOR Check all that apply. PO BOX 1564 GRAND CAYMAN KY1-1110 CAYMAN ISLANDS

Basis for the claim: Intercompany Payable

Date or dates debt was incurred Undetermined Is the claim subject to offset? X No Last 4 digits of account number Yes

3.31 Nonpriority creditor's name and mailing address $4,510,000.00

ENSCO OFFSHORE INTERNATIONAL HOLDINGS LIMITED As of the petition filing date, the claim is: 6 CHESTERFIELD GARDENS Check all that apply. 3RD FLOOR LONDON W1J 5BQ UNITED KINGDOM

Basis for the claim: Intercompany Payable

Date or dates debt was incurred Undetermined Is the claim subject to offset? X No Last 4 digits of account number Yes

Official Form 206E/F Schedule E/F: Creditors Who Have Unsecured Claims Page 7 of 23 Case 20-34114 Document 528 Filed in TXSB on 10/19/20 Page 36 of 58

Debtor Rowan Norway Limited Case number (if known) 20-34172 (MI) Name

Part 2: Additional Page

Copy this page only if more space is needed. Continue numbering the lines sequentially from the previous page. Amount of claim If no additional NONPRIORITY creditors exist, do not fill out or submit this page.

3.32 Nonpriority creditor's name and mailing address $517.42

FRETEX VEST-NORGE AS As of the petition filing date, the claim is: TOMEROSEVEIEN 7 Check all that apply. STAVANGER 4315 NORWAY

Basis for the claim: Trade Payable

Date or dates debt was incurred Various Is the claim subject to offset? No Last 4 digits of account number Yes

3.33 Nonpriority creditor's name and mailing address $788.24

GENERAL INDUSTRY SYSTEMS As of the petition filing date, the claim is: "PLATTFORMVEIEN 2-4P.O.BOX 210, Check all that apply. TANAGER 4098 NORWAY

Basis for the claim: Trade Payable

Date or dates debt was incurred Various Is the claim subject to offset? No Last 4 digits of account number Yes

3.34 Nonpriority creditor's name and mailing address $ Undetermined

GLOBAL OCEAN RIG - GOT NORWAY As of the petition filing date, the claim is: 227 GISMEROYVEIEN Check all that apply. MANDAL 4515 NORWAY X X

Basis for the claim: Potential Trade Claim

Date or dates debt was incurred Undetermined Is the claim subject to offset? X No Last 4 digits of account number Yes

3.35 Nonpriority creditor's name and mailing address $345.66

GRAINGER As of the petition filing date, the claim is: DEPT 884566829 Check all that apply. PO BOX 419267 KANSAS CITY, TX 64141-6267

Basis for the claim: Trade Payable

Date or dates debt was incurred Various Is the claim subject to offset? No Last 4 digits of account number Yes

3.36 Nonpriority creditor's name and mailing address $ Undetermined

HAMWORTHY As of the petition filing date, the claim is: 15 BENOIT CRESCENT Check all that apply. SINGAPORE 629978 SINGAPORE X X

Basis for the claim: Potential Trade Claim

Date or dates debt was incurred Undetermined Is the claim subject to offset? X No Last 4 digits of account number Yes

Official Form 206E/F Schedule E/F: Creditors Who Have Unsecured Claims Page 8 of 23 Case 20-34114 Document 528 Filed in TXSB on 10/19/20 Page 37 of 58

Debtor Rowan Norway Limited Case number (if known) 20-34172 (MI) Name

Part 2: Additional Page

Copy this page only if more space is needed. Continue numbering the lines sequentially from the previous page. Amount of claim If no additional NONPRIORITY creditors exist, do not fill out or submit this page.

3.37 Nonpriority creditor's name and mailing address $ Undetermined

HELIFUEL AS As of the petition filing date, the claim is: HANALEITE 1 Check all that apply. SVEIO 5550 NORWAY X X

Basis for the claim: Potential Trade Claim

Date or dates debt was incurred Undetermined Is the claim subject to offset? X No Last 4 digits of account number Yes

3.38 Nonpriority creditor's name and mailing address $77.81

HERNIS SCAN SYSTEMS A/S As of the petition filing date, the claim is: TANGEN ALLE 41 Check all that apply. PO BOX 791 STOA ARENDAL 4809 NORWAY

Basis for the claim: Trade Payable

Date or dates debt was incurred Various Is the claim subject to offset? No Last 4 digits of account number Yes

3.39 Nonpriority creditor's name and mailing address $ Undetermined

HESSELBERG TRUCK AS As of the petition filing date, the claim is: ULVENVEIEN 84 Check all that apply. OSLO 513 NORWAY X X

Basis for the claim: Potential Trade Claim

Date or dates debt was incurred Undetermined Is the claim subject to offset? X No Last 4 digits of account number Yes

3.40 Nonpriority creditor's name and mailing address $ Undetermined

IKM ELEKTRO AS As of the petition filing date, the claim is: SKVADRONVEIEN 24 Check all that apply. SOLA 4050 NORWAY X X

Basis for the claim: Potential Trade Claim

Date or dates debt was incurred Undetermined Is the claim subject to offset? X No Last 4 digits of account number Yes

3.41 Nonpriority creditor's name and mailing address $ Undetermined

IKM LABORATORIUM AS As of the petition filing date, the claim is: NORSEA BASE BLDG 53 Check all that apply. TANANGER 4056 NORWAY X X

Basis for the claim: Potential Trade Claim

Date or dates debt was incurred Undetermined Is the claim subject to offset? X No Last 4 digits of account number Yes

Official Form 206E/F Schedule E/F: Creditors Who Have Unsecured Claims Page 9 of 23 Case 20-34114 Document 528 Filed in TXSB on 10/19/20 Page 38 of 58

Debtor Rowan Norway Limited Case number (if known) 20-34172 (MI) Name

Part 2: Additional Page

Copy this page only if more space is needed. Continue numbering the lines sequentially from the previous page. Amount of claim If no additional NONPRIORITY creditors exist, do not fill out or submit this page.

3.42 Nonpriority creditor's name and mailing address $ Undetermined

IKM TESTING AS As of the petition filing date, the claim is: LJOSHEIMVEGEN 14 Check all that apply. SOLA 4085 NORWAY X X

Basis for the claim: Potential Trade Claim

Date or dates debt was incurred Undetermined Is the claim subject to offset? X No Last 4 digits of account number Yes

3.43 Nonpriority creditor's name and mailing address $1,168.98

ISS FACILITY SERVICES SDN BHD As of the petition filing date, the claim is: SMELTEDIGELEN 1 Check all that apply. OSLO 509 NORWAY

Basis for the claim: Trade Payable

Date or dates debt was incurred Various Is the claim subject to offset? No Last 4 digits of account number Yes

3.44 Nonpriority creditor's name and mailing address $ Undetermined

JANSEN & WILLUMSEN SERVICES AS As of the petition filing date, the claim is: STRANDGATA 41 Check all that apply. SANDNES 4307 NORWAY X X

Basis for the claim: Potential Trade Claim

Date or dates debt was incurred Undetermined Is the claim subject to offset? X No Last 4 digits of account number Yes

3.45 Nonpriority creditor's name and mailing address $ Undetermined

JOHN DAHLE SKIPSHANDEL As of the petition filing date, the claim is: RDC CONVERTED VENDOR Check all that apply. TANANGER 4098 NORWAY X X

Basis for the claim: Potential Trade Claim

Date or dates debt was incurred Undetermined Is the claim subject to offset? X No Last 4 digits of account number Yes

3.46 Nonpriority creditor's name and mailing address $128.59

KJOSAVIK AS As of the petition filing date, the claim is: RDC CONVERTED VENDOR Check all that apply. STAVANGER 4064 NORWAY

Basis for the claim: Trade Payable

Date or dates debt was incurred Various Is the claim subject to offset? No Last 4 digits of account number Yes

Official Form 206E/F Schedule E/F: Creditors Who Have Unsecured Claims Page 10 of 23 Case 20-34114 Document 528 Filed in TXSB on 10/19/20 Page 39 of 58

Debtor Rowan Norway Limited Case number (if known) 20-34172 (MI) Name

Part 2: Additional Page

Copy this page only if more space is needed. Continue numbering the lines sequentially from the previous page. Amount of claim If no additional NONPRIORITY creditors exist, do not fill out or submit this page.

3.47 Nonpriority creditor's name and mailing address $ Undetermined

KOLOS As of the petition filing date, the claim is: Check all that apply.

X

X

Basis for the claim: Potential Trade Claim

Date or dates debt was incurred Undetermined Is the claim subject to offset? X No Last 4 digits of account number Yes

3.48 Nonpriority creditor's name and mailing address $697.06

LINDORF NORGE AS As of the petition filing date, the claim is: POSTBOKS 7055 Check all that apply. DRAMMEN 3007 NORWAY

Basis for the claim: Trade Payable

Date or dates debt was incurred Various Is the claim subject to offset? No Last 4 digits of account number Yes

3.49 Nonpriority creditor's name and mailing address $ Undetermined

MARINE POWER INTERNATIONAL As of the petition filing date, the claim is: PO BOX 9309 Check all that apply. Q4/70 SAIF ZONE X X

Basis for the claim: Potential Trade Claim

Date or dates debt was incurred Undetermined Is the claim subject to offset? X No Last 4 digits of account number Yes

3.50 Nonpriority creditor's name and mailing address $ Undetermined

MARTIN ENERGY SERVICES L.L.C. As of the petition filing date, the claim is: P.O. BOX 3093 Check all that apply. HOUSTON, TX 77253-3093 X

X

Basis for the claim: Potential Trade Claim

Date or dates debt was incurred Undetermined Is the claim subject to offset? X No Last 4 digits of account number Yes

3.51 Nonpriority creditor's name and mailing address $ Undetermined

MENTO AS As of the petition filing date, the claim is: PO BOX 44 Check all that apply. TANANGER N4098 NORWAY X X

Basis for the claim: Potential Trade Claim

Date or dates debt was incurred Undetermined Is the claim subject to offset? X No Last 4 digits of account number Yes

Official Form 206E/F Schedule E/F: Creditors Who Have Unsecured Claims Page 11 of 23 Case 20-34114 Document 528 Filed in TXSB on 10/19/20 Page 40 of 58

Debtor Rowan Norway Limited Case number (if known) 20-34172 (MI) Name

Part 2: Additional Page

Copy this page only if more space is needed. Continue numbering the lines sequentially from the previous page. Amount of claim If no additional NONPRIORITY creditors exist, do not fill out or submit this page.

3.52 Nonpriority creditor's name and mailing address $ Undetermined

MIDCONTINENT ABERDEEN LTD As of the petition filing date, the claim is: BLACKNESS ROAD Check all that apply. ALTENS INDUSTRIAL ESTATE ABERDEEN AB12 3LH X UNITED KINGDOM X

Basis for the claim: Potential Trade Claim

Date or dates debt was incurred Undetermined Is the claim subject to offset? X No Last 4 digits of account number Yes

3.53 Nonpriority creditor's name and mailing address $2,004.96

NATIONAL OILWELL VARCO NORWAY AS As of the petition filing date, the claim is: POSTBOKS 401, LUNDSIDEN Check all that apply. KRISTIANSAND 4604 NORWAY

Basis for the claim: Trade Payable

Date or dates debt was incurred Various Is the claim subject to offset? No Last 4 digits of account number Yes

3.54 Nonpriority creditor's name and mailing address $14,473.99

NATIONAL OILWELL VARCO UK LIMITED As of the petition filing date, the claim is: BADENTOY CRESCENT Check all that apply. BADENTOY PARK ABERDEEN AB12 4YD UNITED KINGDOM

Basis for the claim: Trade Payable

Date or dates debt was incurred Various Is the claim subject to offset? No Last 4 digits of account number Yes

3.55 Nonpriority creditor's name and mailing address $12,605.01

NATIONAL OILWELL VARCO, L.P. As of the petition filing date, the claim is: MAKKAH STREET 120 Check all that apply. CROSS 73 DAMMAM 11573

Basis for the claim: Trade Payable

Date or dates debt was incurred Various Is the claim subject to offset? No Last 4 digits of account number Yes

3.56 Nonpriority creditor's name and mailing address $8,567.48

NORSAFE FOURS AS As of the petition filing date, the claim is: P.O. BOX 115 Check all that apply. FAER VIK N4852 NORWAY

Basis for the claim: Trade Payable

Date or dates debt was incurred Various Is the claim subject to offset? No Last 4 digits of account number Yes

Official Form 206E/F Schedule E/F: Creditors Who Have Unsecured Claims Page 12 of 23 Case 20-34114 Document 528 Filed in TXSB on 10/19/20 Page 41 of 58

Debtor Rowan Norway Limited Case number (if known) 20-34172 (MI) Name

Part 2: Additional Page

Copy this page only if more space is needed. Continue numbering the lines sequentially from the previous page. Amount of claim If no additional NONPRIORITY creditors exist, do not fill out or submit this page.

3.57 Nonpriority creditor's name and mailing address $ Undetermined

NORTH SEA POWER SOLUTIONS LTD As of the petition filing date, the claim is: UNIT 11, CLINTERY BUSINESS PARK Check all that apply. ABERDEEN AB21 0TZ UNITED KINGDOM X X

Basis for the claim: Potential Trade Claim

Date or dates debt was incurred Undetermined Is the claim subject to offset? X No Last 4 digits of account number Yes

3.58 Nonpriority creditor's name and mailing address $920.25

NOV RIG SOLUTIONS SPARES AND SVC As of the petition filing date, the claim is: SUPPORT SERVICES Check all that apply. P. O. BOX 201202 DALLAS, TX 75320-1202

Basis for the claim: Trade Payable

Date or dates debt was incurred Various Is the claim subject to offset? No Last 4 digits of account number Yes

3.59 Nonpriority creditor's name and mailing address $58.80

NOW NORWAY AS As of the petition filing date, the claim is: POSTBOKS 129 FORUS Check all that apply. STAVANGER 4065 NORWAY

Basis for the claim: Trade Payable

Date or dates debt was incurred Various Is the claim subject to offset? No Last 4 digits of account number Yes

3.60 Nonpriority creditor's name and mailing address $ Undetermined

NSE INDUSTRIER AS As of the petition filing date, the claim is: Check all that apply.

X

X

Basis for the claim: Potential Trade Claim

Date or dates debt was incurred Undetermined Is the claim subject to offset? X No Last 4 digits of account number Yes

3.61 Nonpriority creditor's name and mailing address $60,378.56

ODFJELL WELL SERVICES NORWAY AS As of the petition filing date, the claim is: KOKSTAD Check all that apply. BERGEN 5863 NORWAY

Basis for the claim: Trade Payable

Date or dates debt was incurred Various Is the claim subject to offset? No Last 4 digits of account number Yes

Official Form 206E/F Schedule E/F: Creditors Who Have Unsecured Claims Page 13 of 23 Case 20-34114 Document 528 Filed in TXSB on 10/19/20 Page 42 of 58

Debtor Rowan Norway Limited Case number (if known) 20-34172 (MI) Name

Part 2: Additional Page

Copy this page only if more space is needed. Continue numbering the lines sequentially from the previous page. Amount of claim If no additional NONPRIORITY creditors exist, do not fill out or submit this page.

3.62 Nonpriority creditor's name and mailing address $ Undetermined

OFFSHORE MARINE CONTRACTORS As of the petition filing date, the claim is: MAGELLAN HOUSE Check all that apply. JAMES WATT CLOSE GREAT YARMOUTH NR31 0NX X UNITED KINGDOM X

Basis for the claim: Potential Trade Claim

Date or dates debt was incurred Undetermined Is the claim subject to offset? X No Last 4 digits of account number Yes

3.63 Nonpriority creditor's name and mailing address $2,074.20

OFFSHORE TECHNOLOGY DEVELOPMENT PTE LTD As of the petition filing date, the claim is: 50 GUL ROAD Check all that apply. S629351 SINGAPORE

Basis for the claim: Trade Payable

Date or dates debt was incurred Various Is the claim subject to offset? No Last 4 digits of account number Yes

3.64 Nonpriority creditor's name and mailing address $15,206.00

OFFSHORE TECHNOLOGY DEVELOPMENT As of the petition filing date, the claim is: DEVELOPMENT PTE LTD Check all that apply. 50 GUL ROAD S629351 SINGAPORE

Basis for the claim: Trade Payable

Date or dates debt was incurred Various Is the claim subject to offset? No Last 4 digits of account number Yes

3.65 Nonpriority creditor's name and mailing address $ Undetermined

OILFIELD DRILLING SERVICES AS As of the petition filing date, the claim is: KVALVEIEN 4 Check all that apply. SANDNES 4323 NORWAY X X

Basis for the claim: Potential Trade Claim

Date or dates debt was incurred Undetermined Is the claim subject to offset? X No Last 4 digits of account number Yes

3.66 Nonpriority creditor's name and mailing address $ Undetermined

OTTO OLSEN As of the petition filing date, the claim is: POSTBOX 44 Check all that apply. LILLESTROM 2001 NORWAY X X

Basis for the claim: Potential Trade Claim

Date or dates debt was incurred Undetermined Is the claim subject to offset? X No Last 4 digits of account number Yes

Official Form 206E/F Schedule E/F: Creditors Who Have Unsecured Claims Page 14 of 23 Case 20-34114 Document 528 Filed in TXSB on 10/19/20 Page 43 of 58

Debtor Rowan Norway Limited Case number (if known) 20-34172 (MI) Name

Part 2: Additional Page

Copy this page only if more space is needed. Continue numbering the lines sequentially from the previous page. Amount of claim If no additional NONPRIORITY creditors exist, do not fill out or submit this page.

3.67 Nonpriority creditor's name and mailing address $533.99

PETROFAC TRAINING INC As of the petition filing date, the claim is: RGIT MONTROSE LIMITED Check all that apply. FORTIES ROAD, INDUSTRIAL ESTATE MONTROSE DD10 9ET UNITED KINGDOM

Basis for the claim: Trade Payable

Date or dates debt was incurred Various Is the claim subject to offset? No Last 4 digits of account number Yes

3.68 Nonpriority creditor's name and mailing address $131.96

POSTEN NORGE As of the petition filing date, the claim is: STEMMANE 6 Check all that apply. KRISTIANSAND 4636 NORWAY

Basis for the claim: Trade Payable

Date or dates debt was incurred Various Is the claim subject to offset? No Last 4 digits of account number Yes

3.69 Nonpriority creditor's name and mailing address $1.56

PRAXAIR NORGE AS As of the petition filing date, the claim is: HAUGENSTUA Check all that apply. OSLO 0590 NORWAY

Basis for the claim: Trade Payable

Date or dates debt was incurred Various Is the claim subject to offset? No Last 4 digits of account number Yes

3.70 Nonpriority creditor's name and mailing address $ Undetermined

PROACTIMA AS As of the petition filing date, the claim is: RICHARD JOHNSENS GATE 4 Check all that apply. STAVANGER 4021 NORWAY X X

Basis for the claim: Potential Trade Claim

Date or dates debt was incurred Undetermined Is the claim subject to offset? X No Last 4 digits of account number Yes

3.71 Nonpriority creditor's name and mailing address $ Undetermined

RELOAD AS As of the petition filing date, the claim is: OVRE HOLMEGATE 11 Check all that apply. STAVANGER 4006 NORWAY X X

Basis for the claim: Potential Trade Claim

Date or dates debt was incurred Undetermined Is the claim subject to offset? X No Last 4 digits of account number Yes

Official Form 206E/F Schedule E/F: Creditors Who Have Unsecured Claims Page 15 of 23 Case 20-34114 Document 528 Filed in TXSB on 10/19/20 Page 44 of 58

Debtor Rowan Norway Limited Case number (if known) 20-34172 (MI) Name

Part 2: Additional Page

Copy this page only if more space is needed. Continue numbering the lines sequentially from the previous page. Amount of claim If no additional NONPRIORITY creditors exist, do not fill out or submit this page.

3.72 Nonpriority creditor's name and mailing address $2,358.85

RELYON NUTEC UK LIMITED As of the petition filing date, the claim is: HAVERTON HILL INDUSTRIAL EST Check all that apply. BILLINGHAM TS23 1PZ UNITED KINGDOM

Basis for the claim: Trade Payable

Date or dates debt was incurred Various Is the claim subject to offset? No Last 4 digits of account number Yes

3.73 Nonpriority creditor's name and mailing address $748.20

RIGNET A/S As of the petition filing date, the claim is: MASKINVEIEN 24 Check all that apply. POSTBOKS 137 STAVANGER NORWAY

Basis for the claim: Trade Payable

Date or dates debt was incurred Various Is the claim subject to offset? No Last 4 digits of account number Yes

3.74 Nonpriority creditor's name and mailing address $6,811,325.96

ROWAN COMPANIES, LLC As of the petition filing date, the claim is: 1675 SOUTH STATE ST. Check all that apply. SUITE B DOVER, DE 19901

Basis for the claim: Intercompany Payable

Date or dates debt was incurred Undetermined Is the claim subject to offset? X No Last 4 digits of account number Yes

3.75 Nonpriority creditor's name and mailing address $1,564,696.60

ROWAN N-CLASS (GIBRALTAR) LIMITED As of the petition filing date, the claim is: SUITE 1, BURNS HOUSE, 19 TOWN RANGE Check all that apply.

GIBRALTAR

Basis for the claim: Intercompany Payable

Date or dates debt was incurred Undetermined Is the claim subject to offset? X No Last 4 digits of account number Yes

3.76 Nonpriority creditor's name and mailing address $3,749,088.00

ROWAN RIGS S.À R.L. As of the petition filing date, the claim is: 48 BOULEVARD GRANDE-DUCHESSE CHARLOTTE Check all that apply. GRAND-DUCHY OF LUXEMBOURG, GRAND-DUCHY LUXEMBOURG L-1330 LUXEMBOURG

Basis for the claim: Intercompany Payable

Date or dates debt was incurred Undetermined Is the claim subject to offset? X No Last 4 digits of account number Yes

Official Form 206E/F Schedule E/F: Creditors Who Have Unsecured Claims Page 16 of 23 Case 20-34114 Document 528 Filed in TXSB on 10/19/20 Page 45 of 58

Debtor Rowan Norway Limited Case number (if known) 20-34172 (MI) Name

Part 2: Additional Page

Copy this page only if more space is needed. Continue numbering the lines sequentially from the previous page. Amount of claim If no additional NONPRIORITY creditors exist, do not fill out or submit this page.

3.77 Nonpriority creditor's name and mailing address $ Undetermined

SAFE SOUND AUDIO AS As of the petition filing date, the claim is: AUGLENDSDALEN 78 Check all that apply. STAVANGER 4017 NORWAY X X

Basis for the claim: Potential Trade Claim

Date or dates debt was incurred Undetermined Is the claim subject to offset? X No Last 4 digits of account number Yes

3.78 Nonpriority creditor's name and mailing address $ Undetermined

SEMCO MARITIME - USE VID: 29913 As of the petition filing date, the claim is: STENHUGGERVEJ 12-14 Check all that apply. ESBJERG V 6710 DENMARK X X

Basis for the claim: Potential Trade Claim

Date or dates debt was incurred Undetermined Is the claim subject to offset? X No Last 4 digits of account number Yes

3.79 Nonpriority creditor's name and mailing address $ Undetermined

SHELL As of the petition filing date, the claim is: 10 SOONTHORNKOSA ROAD Check all that apply. KLONGTOEY BANGKOK 10110 X THAILAND X

Basis for the claim: Potential Trade Claim

Date or dates debt was incurred Undetermined Is the claim subject to offset? X No Last 4 digits of account number Yes

3.80 Nonpriority creditor's name and mailing address $19,299.30

SHIP & RIG SERVICE AS As of the petition filing date, the claim is: MEKJARVIK 4 Check all that apply. RANDABERG 4070 NORWAY

Basis for the claim: Trade Payable

Date or dates debt was incurred Various Is the claim subject to offset? No Last 4 digits of account number Yes

3.81 Nonpriority creditor's name and mailing address $ Undetermined

SOLID OFFSHORE TECHNOLOGY As of the petition filing date, the claim is: DALEGATA 135 Check all that apply. KRISTIANSUND 6518 NORWAY X X

Basis for the claim: Potential Trade Claim

Date or dates debt was incurred Undetermined Is the claim subject to offset? X No Last 4 digits of account number Yes

Official Form 206E/F Schedule E/F: Creditors Who Have Unsecured Claims Page 17 of 23 Case 20-34114 Document 528 Filed in TXSB on 10/19/20 Page 46 of 58

Debtor Rowan Norway Limited Case number (if known) 20-34172 (MI) Name

Part 2: Additional Page

Copy this page only if more space is needed. Continue numbering the lines sequentially from the previous page. Amount of claim If no additional NONPRIORITY creditors exist, do not fill out or submit this page.

3.82 Nonpriority creditor's name and mailing address $ Undetermined

STAVANGER ENGINEERIN AS As of the petition filing date, the claim is: AUGLENDSDALEN 78 4017 Check all that apply. STAVANGER 4017 NORWAY X X

Basis for the claim: Potential Trade Claim

Date or dates debt was incurred Undetermined Is the claim subject to offset? X No Last 4 digits of account number Yes

3.83 Nonpriority creditor's name and mailing address $ Undetermined

STAVANGER PRODUCTS AS As of the petition filing date, the claim is: VARABERGMYRVEIEN 4-8 Check all that apply. SOLA 4050 NORWAY X X

Basis for the claim: Potential Trade Claim

Date or dates debt was incurred Undetermined Is the claim subject to offset? X No Last 4 digits of account number Yes

3.84 Nonpriority creditor's name and mailing address $47.22

SURVITEC GROUP As of the petition filing date, the claim is: 2 BURILDA CLOSE Check all that apply. WETHERILL PARK 2164 AUSTRALIA

Basis for the claim: Trade Payable

Date or dates debt was incurred Various Is the claim subject to offset? No Last 4 digits of account number Yes

3.85 Nonpriority creditor's name and mailing address $2,239.17

TESS VEST AS As of the petition filing date, the claim is: PLATTFORMVEIEN 8 Check all that apply. TANANGER 4056 NORWAY

Basis for the claim: Trade Payable

Date or dates debt was incurred Various Is the claim subject to offset? No Last 4 digits of account number Yes

3.86 Nonpriority creditor's name and mailing address $832,324.13

VALARIS PLC As of the petition filing date, the claim is: 110 CANNON STREET Check all that apply. LONDON EC4N 6EU UNITED KINGDOM

Basis for the claim: Intercompany Payable

Date or dates debt was incurred Undetermined Is the claim subject to offset? X No Last 4 digits of account number Yes

Official Form 206E/F Schedule E/F: Creditors Who Have Unsecured Claims Page 18 of 23 Case 20-34114 Document 528 Filed in TXSB on 10/19/20 Page 47 of 58

Debtor Rowan Norway Limited Case number (if known) 20-34172 (MI) Name

Part 2: Additional Page

Copy this page only if more space is needed. Continue numbering the lines sequentially from the previous page. Amount of claim If no additional NONPRIORITY creditors exist, do not fill out or submit this page.

3.87 Nonpriority creditor's name and mailing address $ Undetermined

VESTTEKNIKK AS As of the petition filing date, the claim is: ASPERHOLEN 109 Check all that apply. SANDNES 4329 NORWAY X X

Basis for the claim: Potential Trade Claim

Date or dates debt was incurred Undetermined Is the claim subject to offset? X No Last 4 digits of account number Yes

3.88 Nonpriority creditor's name and mailing address $258.41

VIKING LIFE-SAVING EQUIP. AS As of the petition filing date, the claim is: PO BOX 226 Check all that apply. ZWIJNDRECH 3330 AG NETHERLANDS

Basis for the claim: Trade Payable

Date or dates debt was incurred Various Is the claim subject to offset? No Last 4 digits of account number Yes

3.89 Nonpriority creditor's name and mailing address $636.13

VINGMED As of the petition filing date, the claim is: SOLBRAVEIEN 13 Check all that apply. ASKER 1383 NORWAY

Basis for the claim: Trade Payable

Date or dates debt was incurred Various Is the claim subject to offset? No Last 4 digits of account number Yes

3.90 Nonpriority creditor's name and mailing address $ Undetermined

VINJE INDUSTRI As of the petition filing date, the claim is: SKIBASEN 10A Check all that apply. VEST-AGDER KRISTIANSAND 4636 X NORWAY X

Basis for the claim: Potential Trade Claim

Date or dates debt was incurred Undetermined Is the claim subject to offset? X No Last 4 digits of account number Yes

3.91 Nonpriority creditor's name and mailing address $ Undetermined

VMS GROUP A/S As of the petition filing date, the claim is: HAVNEPLADSEN 12 Check all that apply. FREDERIKSHAVN 9900 DENMARK X X

Basis for the claim: Potential Trade Claim

Date or dates debt was incurred Undetermined Is the claim subject to offset? X No Last 4 digits of account number Yes

Official Form 206E/F Schedule E/F: Creditors Who Have Unsecured Claims Page 19 of 23 Case 20-34114 Document 528 Filed in TXSB on 10/19/20 Page 48 of 58

Debtor Rowan Norway Limited Case number (if known) 20-34172 (MI) Name

Part 2: Additional Page

Copy this page only if more space is needed. Continue numbering the lines sequentially from the previous page. Amount of claim If no additional NONPRIORITY creditors exist, do not fill out or submit this page.

3.92 Nonpriority creditor's name and mailing address $ Undetermined

VULKEN MARITIM A/S As of the petition filing date, the claim is: FINNESTADSVINGEN 11 Check all that apply. STAVANGER 4029 NORWAY X X

Basis for the claim: Potential Trade Claim

Date or dates debt was incurred Undetermined Is the claim subject to offset? X No Last 4 digits of account number Yes

3.93 Nonpriority creditor's name and mailing address $1,178.82

W & O SUPPLY, INC. As of the petition filing date, the claim is: 10025 PORTER ROAD Check all that apply. SUITE 100 LAPORTE, TX 77571

Basis for the claim: Trade Payable

Date or dates debt was incurred Various Is the claim subject to offset? No Last 4 digits of account number Yes

3.94 Nonpriority creditor's name and mailing address $ Undetermined

WARTSILA NORTH AMERICA, INC. As of the petition filing date, the claim is: 15 BENOI CRESCENT Check all that apply. JURONG SINGAPORE 629978 X SINGAPORE X

Basis for the claim: Potential Trade Claim

Date or dates debt was incurred Undetermined Is the claim subject to offset? X No Last 4 digits of account number Yes

3.95 Nonpriority creditor's name and mailing address $346,719.73

WEATHERFORD NORGE AS As of the petition filing date, the claim is: STOKKAMYRVEIEN 17 Check all that apply. STAVANGER 4068 NORWAY

Basis for the claim: Trade Payable

Date or dates debt was incurred Various Is the claim subject to offset? No Last 4 digits of account number Yes

3.96 Nonpriority creditor's name and mailing address $ Undetermined

WELLCONNECTION (INDEPDENDENT OILFIED) As of the petition filing date, the claim is: WELLCONNECTION IOS SUPPLY BASE Check all that apply. LONGSIDE AIRFIELD ABERDEEN AB42 3DY X UNITED KINGDOM X

Basis for the claim: Potential Trade Claim

Date or dates debt was incurred Undetermined Is the claim subject to offset? X No Last 4 digits of account number Yes

Official Form 206E/F Schedule E/F: Creditors Who Have Unsecured Claims Page 20 of 23 Case 20-34114 Document 528 Filed in TXSB on 10/19/20 Page 49 of 58

Debtor Rowan Norway Limited Case number (if known) 20-34172 (MI) Name

Part 2: Additional Page

Copy this page only if more space is needed. Continue numbering the lines sequentially from the previous page. Amount of claim If no additional NONPRIORITY creditors exist, do not fill out or submit this page.

3.97 Nonpriority creditor's name and mailing address $ Undetermined

WELLPARTNER AS As of the petition filing date, the claim is: Check all that apply.

X

X

Basis for the claim: Potential Trade Claim

Date or dates debt was incurred Undetermined Is the claim subject to offset? X No Last 4 digits of account number Yes

3.98 Nonpriority creditor's name and mailing address $20,456.72

WILHELMSEN SHIPS SERVICE AS As of the petition filing date, the claim is: STRANDVEIEN 20 Check all that apply. LYSAKER 1324 NORWAY

Basis for the claim: Trade Payable

Date or dates debt was incurred Various Is the claim subject to offset? No Last 4 digits of account number Yes

Official Form 206E/F Schedule E/F: Creditors Who Have Unsecured Claims Page 21 of 23 Case 20-34114 Document 528 Filed in TXSB on 10/19/20 Page 50 of 58

Debtor Rowan Norway Limited Case number (if known) 20-34172 (MI) Name

Part 3: List Others to Be Notified About Unsecured Claims

4. List in alphabetical order any others who must be notified for claims listed in Parts 1 and 2. Examples of entities that may be listed are collection agencies, assignees of claims listed above, and attorneys for unsecured creditors. If no others need to be notified for the debts listed in Parts 1 and 2, do not fill out or submit this page. If additional pages are needed, copy the next page.

Name and mailing address On which line in Part 1 or Part 2 is Last 4 digits of the related creditor (if any) listed? account number, if any

Official Form 206E/F Schedule E/F: Creditors Who Have Unsecured Claims Page 22 of 23 Case 20-34114 Document 528 Filed in TXSB on 10/19/20 Page 51 of 58

Rowan Norway Limited 20-34172 (MI)

0.00

29,058,967.30 + undetermined amounts

29,058,967.30 + undetermined amounts

Page 23 of 23 Case 20-34114 Document 528 Filed in TXSB on 10/19/20 Page 52 of 58

Rowan Norway Limited

Southern Texas, Houston Divison 20-34172 (MI) 11

X

3rd Party Logistics Agreement dated ASCO NORGE AS 04/08/2020 KEY ACCOUNT MANAGER RISAVIKA HAVNERING 235, POSTBOKS 250 4098 TANANGER NORWAY Undetermined

Vendor Agreement dated 04/20/2020 ASCO NORGE AS RUNAR HATLETVEDT RISAVIKA HAVNERING 235 4056 TANANGER NORWAY Undetermined

3rd Party Logistics Agreement dated ASCO NORGE AS 09/11/2020 KEY ACCOUNT MANAGER RISAVIKA HAVNERING 235, POSTBOKS 250 4098 TANANGER NORWAY Undetermined

Vendor Agreement dated 01/08/2016 ATLAS CERNO AS JÅTTÅVÅGVEIEN 7 4020, STAVANGER , ROGALAND NORWAY

Undetermined

Vendor Agreement dated 06/01/2016 ATLAS CERNO AS JÅTTÅVÅGVEIEN 7 4020, STAVANGER , ROGALAND NORWAY

Undetermined

5 Case 20-34114 Document 528 Filed in TXSB on 10/19/20 Page 53 of 58

Debtor Rowan Norway Limited Case number (if known) 20-34172 (MI) Name

Additional Page if Debtor Has More Executory Contracts or Unexpired Leases

Copy this page only if more space is needed. Continue numbering the lines sequentially from the previous page.

List all contracts and unexpired leases State the name and mailing address for all other parties with whom the debtor has an executory contract or unexpired lease

Master Agreement - Offshore Well CONOCOPHILLIPS SKANDINAVIA AS State what the contract or Operations (Jack-Up Rigs) (Contract No. EKOFISKVEGAN 35 lease is for and the nature 2.6 329538) dated as of September 1, 2019 - TANANGER 4056 of the debtor’s interest Valaris JU-292 NORWAY

State the term remaining Undetermined List the contract number of any government contract DNV GL PENSJONSKASSE AS State what the contract or Office Lease dated 01/01/2019 VERITASVEIEN 25, N-4007 lease is for and the nature 2.7 STAVANGER of the debtor’s interest NORWAY

State the term remaining Undetermined List the contract number of any government contract ENERGY AS State what the contract or Contract No 4600024206 dated as of FORUSBEEN 50 lease is for and the nature October 22, 2018 - Valaris JU-291 2.8 STAVANGER 4035 of the debtor’s interest NORWAY

State the term remaining Undetermined List the contract number of any government contract FRANKS INTERNATIONAL State what the contract or Vendor Agreement dated 09/01/2019 ROD AMARAL PEIXOTO, S/N, KM 164,5 lease is for and the nature 2.9 MACAE 27973030 of the debtor’s interest BRAZIL

State the term remaining Undetermined List the contract number of any government contract GLOBAL OCEAN RIG - GOT NORWAY State what the contract or Master Supply and Service Contract 227 GISMEROYVEIEN lease is for and the nature dated 10/09/2019 2.10 MANDAL 4515 of the debtor’s interest NORWAY

State the term remaining Undetermined List the contract number of any government contract MANUFACTURING AND SERVICES LIMITED State what the contract or Equipment Placement RUSSELL HOUSE, BLOCK D, REGENT PARK, KINGSTON ROAD, lease is for and the nature Agreement/Free Placement 2.11 LEATHERHEAD of the debtor’s interest Agreement dated 09/09/2013 SURREY KT22 7LU UNITED KINGDOM State the term remaining Undetermined List the contract number of any government contract JANSEN & WILLUMSEN SERVICES AS State what the contract or Mutual Release and Indemnity STRANDGATA 41 lease is for and the nature Agreement dated 08/29/2019 2.12 SANDNES 4307 of the debtor’s interest NORWAY

State the term remaining Undetermined List the contract number of any government contract

Official Form 206G Schedule G: Executory Contracts and Unexpired Leases Page 2 of 5 Case 20-34114 Document 528 Filed in TXSB on 10/19/20 Page 54 of 58

Debtor Rowan Norway Limited Case number (if known) 20-34172 (MI) Name

Additional Page if Debtor Has More Executory Contracts or Unexpired Leases

Copy this page only if more space is needed. Continue numbering the lines sequentially from the previous page.

List all contracts and unexpired leases State the name and mailing address for all other parties with whom the debtor has an executory contract or unexpired lease

KAM LIFTING CONSULT AS State what the contract or Master Professional Services GENERAL MANAGER lease is for and the nature Agreement dated 06/30/2019 2.13 SKOGATEIGEN 39 of the debtor’s interest NO-4362 VIGRESTAD NORWAY State the term remaining Undetermined List the contract number of any government contract LUNDIN NORWAY AS State what the contract or Contract No. Lnas 000863 dated as of STRANDVEIEN 4 lease is for and the nature January 29, 2019 - Valaris JU-290 2.14 LYSAKER 1366 of the debtor’s interest NORWAY

State the term remaining Undetermined List the contract number of any government contract NSE INDUSTRIER AS State what the contract or Mutual Release and Indemnity HELGE OLSEN lease is for and the nature Agreement dated 09/09/2019 2.15 FINNESTADSVINGEN 32 of the debtor’s interest STAVANGER 4029 NORWAY State the term remaining Undetermined List the contract number of any government contract ONSOFT COMPUTER SYSTEMS AS State what the contract or Vendor: Software Licensing BONESSKOGEN 124, P.O. BOX 90 BONES lease is for and the nature Agreement 2.16 NO-5849 BERGEN of the debtor’s interest NORWAY

State the term remaining Undetermined List the contract number of any government contract ONSOFT COMPUTER SYSTEMS AS State what the contract or Vendor: Software Licensing BONESSKOGEN 124, P.O. BOX 90 BONES lease is for and the nature Agreement 2.17 NO-5849 BERGEN of the debtor’s interest NORWAY

State the term remaining Undetermined List the contract number of any government contract PENTAGON FREIGHT SERVICES AS State what the contract or 3rd Party Logistics Agreement dated ATTN: TORGRIM ESPEDALEN, BUSINESS MANAGER lease is for and the nature 03/30/2020 2.18 MJAAVANNSVEIEN 154 of the debtor’s interest KRISTIANSAND 4628 NORWAY State the term remaining Undetermined List the contract number of any government contract PENTAGON FREIGHT SERVICES AS State what the contract or Vendor Agreement dated 04/01/2020 MMJAAVANNSVEIEN 154 lease is for and the nature 2.19 KRISTIANSAND 4628 of the debtor’s interest NORWAY

State the term remaining Undetermined List the contract number of any government contract

Official Form 206G Schedule G: Executory Contracts and Unexpired Leases Page 3 of 5 Case 20-34114 Document 528 Filed in TXSB on 10/19/20 Page 55 of 58

Debtor Rowan Norway Limited Case number (if known) 20-34172 (MI) Name

Additional Page if Debtor Has More Executory Contracts or Unexpired Leases

Copy this page only if more space is needed. Continue numbering the lines sequentially from the previous page.

List all contracts and unexpired leases State the name and mailing address for all other parties with whom the debtor has an executory contract or unexpired lease

RIG SUPPORT GROUP AS State what the contract or Mutual Release and Indemnity VIDAR VEA lease is for and the nature Agreement dated 10/09/2019 2.20 LAGÅRDSVEIEN 73 of the debtor’s interest 4010 STAVANGER NORWAY State the term remaining Undetermined List the contract number of any government contract ROWAN N-CLASS (GIBRALTAR) LIMITED State what the contract or Bareboat Charter dated as of SUITE 1, BURNS HOUSE, 19 TOWN RANGE lease is for and the nature September 11, 2019 - Valaris JU-291 2.21 of the debtor’s interest GIBRALTAR

State the term remaining Undetermined List the contract number of any government contract ROWAN N-CLASS (GIBRALTAR) LIMITED State what the contract or Bareboat Charter dated as of October SUITE 1, BURNS HOUSE, 19 TOWN RANGE lease is for and the nature 7, 2019 - Valaris JU-290 2.22 of the debtor’s interest GIBRALTAR

State the term remaining Undetermined List the contract number of any government contract NORGE AS State what the contract or Vendor Agreement dated 11/06/2017 ATTN: PETER JOHN WRIGHT lease is for and the nature 2.23 RISABERGVEGEN 3 of the debtor’s interest TANANGER, 4056 NORWAY State the term remaining Undetermined List the contract number of any government contract SHIP & RIG SERVICE AS State what the contract or Vendor Agreement dated 08/12/2019 ATTN: BJARNE SORHEIM/ GORAN KRISTIANSEN lease is for and the nature 2.24 MEKJARVIK 4 of the debtor’s interest 4070 RANDABERG NORWAY State the term remaining Undetermined List the contract number of any government contract SHIP & RIG SERVICE AS State what the contract or Vendor Agreement dated 01/01/2019 GORAN KRISTIANSEN lease is for and the nature 2.25 of the debtor’s interest

State the term remaining Undetermined List the contract number of any government contract SHIP & RIG SERVICES AS State what the contract or Vendor Agreement dated 01/01/2019 GORAN KRISTIANSEN lease is for and the nature 2.26 of the debtor’s interest

State the term remaining Undetermined List the contract number of any government contract

Official Form 206G Schedule G: Executory Contracts and Unexpired Leases Page 4 of 5 Case 20-34114 Document 528 Filed in TXSB on 10/19/20 Page 56 of 58

Debtor Rowan Norway Limited Case number (if known) 20-34172 (MI) Name

Additional Page if Debtor Has More Executory Contracts or Unexpired Leases

Copy this page only if more space is needed. Continue numbering the lines sequentially from the previous page.

List all contracts and unexpired leases State the name and mailing address for all other parties with whom the debtor has an executory contract or unexpired lease

WEATHERFORD NORGE AS State what the contract or Vendor Agreement dated 09/01/2019 GEIR EGIL MOLLER OLSEN lease is for and the nature 2.27 of the debtor’s interest

State the term remaining Undetermined List the contract number of any government contract WEATHERFORD NORGE AS State what the contract or Vendor Agreement dated 09/01/2019 STOKKAMYRVEIEN 17 lease is for and the nature 2.28 STAVANGER 4068 of the debtor’s interest NORWAY

State the term remaining Undetermined List the contract number of any government contract

Official Form 206G Schedule G: Executory Contracts and Unexpired Leases Page 5 of 5 Case 20-34114 Document 528 Filed in TXSB on 10/19/20 Page 57 of 58

Rowan Norway Limited

Southern Texas, Houston 20-34172 (MI) Divison

X

1 Case 20-34114 Document 528 Filed in TXSB on 10/19/20 Page 58 of 58

Rowan Norway Limited

Southern Texas, Houston Divison 20-34172 (MI)

12/15

in

X

X

X

X

X

X

10/19/2020 /s/ Colleen Grable

Colleen Grable

Corporate Controller