Vantage Drilling International (Vantage) had signed an agreement for a two-year extension of the Tungsten Explorer contract. The contract is now anticipated to keep the Tungsten Explorer working until October 2018.
Paul Bragg, President and Chief Executive Officer, commented, "We are pleased to announce this agreement with our customer. This agreement will provide visibility to cash flow for an extended period of time."
Vantage is an offshore drilling contractor with an owned fleet of three ultra-deepwater drillships -- the Platinum Explorer, the Titanium Explorer and the Tungsten Explorer -- as well as four Baker Marine Pacific Class 375 ultra-premium jackup drilling rigs.
