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.
Offshore staff
HOUSTON – Vantage Drilling International’s ultra-deepwater drillship Platinum Explorerhas 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.
