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.