Vantage Drilling Announces Letter of Award for the Platinum Explorer

Source: www.gulfoilandgas.com 2/3/2021, Location: North America

Vantage Drilling International, announced, that its ultra-deepwater drillship, the Platinum Explorer, has received a letter of award for a two-year contract from Oil and Natural Gas Company (“ONGC”). The Platinum Explorer is currently performing under an existing three-year contract with ONGC, which is expected to conclude in the second quarter of 2021. The new contract with ONGC is expected to begin once the existing campaign concludes. Expected revenues over the new two-year contract term, exclusive of service tax, are approximately $109 million.

Ihab Toma, the Company’s Chief Executive Officer, commented, “We are very pleased to receive this award from ONGC. We have been working successfully with the Platinum Explorer for ONGC since the rig was built in 2010 and have built a first-class operation in India with them. We look forward to this program and continuing to provide our esteemed client another safe and successful campaign.”


China >>  5/19/2022 - As part of entering into a Global Agreement (Deed) with COSCO Shipping (Qidong) Offshore Co. Ltd which forms part of the recently completed financial ...
United States >>  5/18/2022 - Worley announced today that it has been awarded a three-year engineering and procurement (EP) services contract by Shell Offshore Inc. (Shell) to sup...

France >>  5/17/2022 - BOURBON is proud to announce that it will contribute to the construction of the Eolmed project, a key pilot farm of 3 floaters each fitted with 10 MW ...
Scotland >>  5/12/2022 - Thistle Wind Partners (TWP), a partnership between DEME Concessions, Qair and Aspiravi is pleased to confirm it has now successfully secured the right...

Brazil >>  5/11/2022 - Prosafe has been declared the winner of a bidding process for a four-year contract by Petróleo Brasileiro SA (‘Petrobras’) for the provision of the Sa...
Qatar >>  5/11/2022 - MMA is pleased to announce that it has been awarded a significant integrated vessel and subsea services contract to provide offshore construction supp...




Gulf Oil and Gas
Copyright © 2021 Universal Solutions All rights reserved. - Terms of Service - Privacy Policy.