Vantage Drilling secures ONGC contract for Platinum Explorer
after close1 source ↓written by the desknot a recommendation
- with ONGC
- 3-year contract
- valued
- $261 million
- of the award
- 180 days
Vantage Drilling International has secured a 3-year contract with ONGC for its drillship, Platinum Explorer, valued at $261 million. The work is set to commence within 180 days of the award notification. This contract highlights a trend of consolidation in the offshore drilling market, enhancing Vantage's operational footprint.
Not investment advice. For informational purposes only.