Vantage buys jack-up rig from bankrupt Hercules

Offshore drilling contractor Vantage Drilling has acquired the Hercules 260 jack-up rig from the bankrupt driller Hercules Offshore and has renamed it the Vantage 260. 

The driller said on Wednesday that its subsidiary, Vantage Drilling Africa, bought the rig for an undisclosed amount from Hercules’ subsidiary, Hercules International Drilling, Ltd.

The jack-up is of a Marathon LeTourneau Class built in 1973 and received major upgrade in 2008.

As part of the acquisition, Vantage Drilling Africa acquired a multi-year drilling contract with Eni in Congo.

Vantage is reactivating its 2009-built Sapphire Driller, a Baker Marine Pacific Class 375 jack-up rig currently warm-stacked offshore Congo, and later this year will substitute it for the Vantage 260.

Ihab Toma, Vantage’s Chief Executive Officer, commented, “We are delighted to have completed this transaction and are happy to welcome the 260 team to Vantage. We look forward to continuing the excellent operations for Eni Congo.”

Share this article

Follow Offshore Energy Today

Events>

<< Apr 2019 >>
MTWTFSS
1 2 3 4 5 6 7
8 9 10 11 12 13 14
15 16 17 18 19 20 21
22 23 24 25 26 27 28
29 30 1 2 3 4 5

GeoConvention 2019

GeoConvention offers some of the best local and international insights to efficient energy exploration…

read more >

16th MOSCOW INTERNATIONAL OIL AND GAS EXHIBITION

The Moscow International Oil & Gas Exhibition display products like oil and gas products, oil and gas services…

read more >

Erbil International Oil & Gas Exhibition 2019

The event will be held at the Erbil International Fair Ground which is one of the largest energy related events in Iraq…

read more >

THE 24 th IRAN INTERNATIONAL OIL , GAS , REFINING & PETROCHEMICAL EXHIBITION

The second largest OPEC producer, Iran sits atop 11 percent of oil and 18 percent of gas…

read more >

Jobs>

Looking to fill a job opening?

By advertising your job here, on the homepage of OffshoreEnergyToday.com, you'll reach countless professionals in the sector. For more information, click below...

apply

Looking to fill a job opening?

By advertising your job here, on the homepage of OffshoreEnergyToday.com, you'll reach countless professionals in the sector. For more information, click below...

apply

Looking to fill a job opening?

By advertising your job here, on the homepage of OffshoreEnergyToday.com, you'll reach countless professionals in the sector. For more information, click below...

apply