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Vantage Drilling sells jackup trio to ADES Arabia

Houston-based Vantage Drilling International has sold subsidiary company Emerald Driller Company to ADES Arabia Holding for $170m. An additional $34m is payable for mobilization and contract preparation costs.

Assets changing hands include three jackup rigs – the Emerald Driller, the Sapphire Driller and the Aquamarine Driller – and their respective drilling contracts. The rigs are all currently in use in Qatar.

Vantage will also provide support services to ADES for the three rigs for a period of three years.

Kim Biggar

Kim Biggar started writing in the supply chain sector in 2000, when she joined the Canadian Association of Supply Chain & Logistics Management. In 2004/2005, she was project manager for the Government of Canada-funded Canadian Logistics Skills Committee, which led to her 13-year role as communications manager of the Canadian Supply Chain Sector Council. A longtime freelance writer, Kim has contributed to publications including The Forwarder, 3PL Americas, The Shipper Advocate and Supply Chain Canada.
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