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.

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