Vantage lands two-year extension for jack-up rig

Offshore driller Vantage Drilling has been awarded an extension of its drilling services contract for the Emerald Driller jack-up drilling rig. 

Vantage informed on Tuesday that the contract for the Emerald Driller would be extended for two years, beginning in May 2018.

Ihab Toma, the company’s Chief Executive Officer, commented, “We are very pleased that we will continue to work with one of our esteemed clients and keep our rigs working in this challenging environment.  I thank our team on the rig as it was their performance that made this happen.”

Vantage has not revealed further details about the client, location, nor the value of the extension. However, according to the driller’s latest fleet status report the Emerald Driller has been operating for Total Qatar since the fourth quarter of 2016.

The Emerald Driller is an independent leg, jack-up, cantilever of a Baker Marine Pacific Class 375 design built in 2008.

Also on Tuesday, Vantage reported a net loss of approximately $40.1 million for the three months ended September 30, 2017, as compared to a net loss of $41.5 million for the same period last year.

The driller’s revenues increased to $57.7 million during the third quarter 2017 from $39.9 million in the corresponding period last year.

Offshore Energy Today Staff

Share this article

Follow Offshore Energy Today

Events>

<< Apr 2020 >>
MTWTFSS
30 31 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

Navingo Career Event

The Navingo Career Event is Europe’s biggest career event for the maritime…

read more >

Offshore Technology Conference (OTC) 2020 Postponed

The Offshore Technology Conference (OTC) showcases leading-edge technology for offshore drilling, exploration…

read more >

OWI APAC 2020

Over the two-day conference, 30 expert speakers will share exclusive insight to help drive well work efficiencies through innovative…

read more >

2020 EXPLORATION AND PRODUCTION STANDARDS CONFERENCE ON OILFIELD EQUIPMENT AND MATERIALS

The development of consensus standards is one of API’s oldest and most successful programs.

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