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    1. Drilling & Completion

    ONGC retains Vantage ultra-deepwater drillship

    Feb. 3, 2021
    Vantage Drilling International’s ultra-deepwater drillship Platinum Explorer has received a letter of award for a two-year contract from ONGC.
    (Courtesy Vantage Drilling International)
    The ultra-deepwater drillship Platinum Explorer.
    The ultra-deepwater drillship Platinum Explorer.

    Offshore staff

    HOUSTON – Vantage Drilling International’s ultra-deepwater drillship Platinum Explorer has received a letter of award for a two-year contract from ONGC.

    The Platinum Explorer is currently performing under an existing three-year contract with ONGC, which is expected to conclude in 2Q 2021. The new contract is expected to begin once the existing campaign concludes.

    Expected revenues over the new two-year contract term, exclusive of service tax, are about $109 million.

    02/03/2021