Platinum Explorer Drillship on its Way to India

Vantage Drilling Company announced that the ultra-deepwater drillship, the Platinum Explorer, has recently set sail from Singapore and is currently enroute to India to commence a five year contract with Oil & Natural Gas Corporation Limited. The Platinum Explorer is expected to arrive in India on December 16th where it will clear customs before mobilizing to its first drilling location.

Vantage, a Cayman Islands exempted company, is an offshore drilling contractor, with an owned fleet of four Baker Marine Pacific Class 375 ultra-premium jackup drilling rigs and one ultra-deepwater drillship, the Platinum Explorer. Vantage’s primary business is to contract drilling units, related equipment and work crews primarily on a dayrate basis to drill oil and natural gas wells. Vantage also provides construction supervision services for, and will operate and manage, drilling units owned by others. Through its fleet of eight owned and managed drilling units, Vantage is a provider of offshore contract drilling services globally to major, national and large independent oil and natural gas companies.

Source: Vantage Drilling ,December 14, 2010;

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