Vantage Drilling secures $261M ONGC contract for drillship
pre-market1 source ↓written by the desknot a recommendation
- contract with Oil
- $261 million
- to commence
- 180 days
Vantage Drilling International has secured a $261 million contract with Oil and Natural Gas Corporation (ONGC) for its Platinum Explorer drillship. The three-year agreement, with a one-year optional extension, mandates operations to commence within 180 days. This contract enhances Vantage's position in the offshore drilling sector, potentially boosting investor sentiment.
Not investment advice. For informational purposes only.