Vantage Drilling secures drillship contract from ONGC

Vantage Drilling International has secured a letter of award from India’s Oil and Natural Gas Company (ONGC) for its ultra-deepwater drillship Platinum Explorer.

The vessel is expected to mobilize to India in the fourth quarter of 2017 and the duration of the contract is three years. Expected revenues over the contract term are approximately $118m.

“We are delighted to put this drillship back to work in this challenging environment and we look forward to safe and successful operations for our customer, ONGC. Vantage and the Platinum Explorer have previously worked for ONGC for five years and we look forward to providing the same professional service to this client,” said Ihab Toma, Vantage Drilling’s chief executive officer.

Jason Jiang

Jason is one of the most prolific writers on the diverse China shipping & logistics industry and his access to the major maritime players with business in China has proved an invaluable source of exclusives. Having been working at Asia Shipping Media since inception, Jason is the chief correspondent of Splash and associate editor of Maritime CEO magazine. Previously he had written for a host of titles including Supply Chain Asia, Cargo Facts and Air Cargo Week.
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