Vantage Secures Two Drilling Contracts

Vantage Drilling Company has announced it has received a Letter of Award for a 3 well program in Southeast Asia for its Tungsten Explorer drillship. The Letter of Award for the project was previously announced.

The Letter of Award is subject to customary conditions of negotiating the final contract and regulatory approvals. The terms are in line with recent market fixtures, the company said

The Sapphire Driller has received a Letter of Award for a 2 year contract plus options in West Africa. The Letter of Award is subject to customary conditions of negotiating the final contract and regulatory approvals.

Paul A. Bragg, Chairman and Chief Executive Officer of Vantage, commented, “We are very pleased to secure the long-term contract for the Sapphire Driller and to fill the contract period prior to the Tungsten Explorer commencing its multi-year contract in West Africa.”

[mappress]
Vantage Drilling, June 26, 2013