Vantage Drilling secures $261M contract with ONGC
after close1 source ↓written by the desknot a recommendation
- contract
- $261 million
- of the award
- 180 days
- and drill
- 10,000 feet
- deep
- 40,000 feet
Vantage Drilling has secured a $261 million contract with ONGC for its ultra-deepwater drillship Platinum Explorer. The contract includes a three-year firm period with an optional one-year extension, starting within 180 days of the award. The drillship can operate in depths of 10,000 feet and drill up to 40,000 feet deep, enhancing India's offshore capabilities.
Not investment advice. For informational purposes only.