Rig increases vantage drilling

VANTAGE DRILLING INTERNATIONAL LTD.

Vantage Drilling International Ltd., a Bermuda exempted company incorporated on February 8, 2024, together with its consolidated subsidiaries (collectively the "Company"), is an

Hesham Hathoot

Rig / Country Manager at VANTAGE DRILLING · Dynamic and focused professional with 16 years of broad-based experience in oil and gas industry. Results-oriented with proven record of

Rig poised to seek drilling gigs across continents as Vantage gets

Vantage Drilling has secured a marketing deal for a newbuild ultra-deepwater drillship, owned by Eldorado Drilling.

Riviera

Vantage Drilling said it has received a conditional letter of award (CLOA) of work for its Platinum Explorer drill rig Vantage Drilling is closing in on a work contract for one of its

Vantage Drilling subsidiaries agrees to sell pair of

Vantage Holdings International (VHI), a subsidiary of Vantage Drilling, will sell all of the issued and outstanding equity of VHI''s wholly-owned

ADES acquiring two Southeast Asia jackups from

ADES International Holding has agreed to acquire two jackup rigs based in Southeast Asia from Vantage Drilling International for $190 million. The

Global Deepwater Rig Demand Seen Flat in 2025

Source: Vantage Drilling. The deepwater rig market has benefited from a bullish outlook over the past several months as many available rigs

PR_TotalEnergies and Vantage enter into a 75-25 joint venture

About Vantage Drilling Vantage Drilling International is an offshore drilling contractor, with a fleet of two ultra-deepwater drillships, and two premium jackup drilling rigs. Vantage''s primary

VANTAGE DRILLING INTERNATIONAL (Form: 10-K, Received:

A jackup rig is a mobile, self-elevating drilling platform equipped with legs that are lowered to the ocean floor until a foundation is established for support, at which point the hull is raised out of

ADES to Buy Three Jack-up Rigs from Vantage

Offshore drilling firm Vantage Drilling has agreed to sell its subsidiary Emerald Driller Company ("EDC") to ADES for $170,000,000 in cash subject to certain adjustments.

Vantage Drilling International

Disclaimer This presentation is being provided solely for use by the recipient in making its own evaluation of Vantage Drilling International (the "Company"), its business, assets and financial

Vantage Drilling: Asset Sales Continue But Future

Last week, small offshore driller Vantage Drilling announced the sale of its remaining jackup rigs to strategic partner ADES Group. At closing,

Topaz Driller

Previously served on Sevan Drilling Ltd board and boards of several large-scale non-profit and community associations. Notably, from 2013 to 2024, he served as the Secretary and

Vantage Drilling International Closes Sale of Emerald

Vantage Drilling International, a Cayman Islands exempted company, is an offshore drilling contractor, with a fleet of two ultra-deepwater drillships, and two premium

VANTAGE DRILLING INTERNATIONAL LTD.

The activities that primarily drive the revenue earned in our drilling contracts with customers include (i) providing our drilling rig, work crews, related equipment and services necessary to

VANTAGE DRILLING ANTICIPATES RISE IN RIG DAY RATES

Offshore drilling contractor Vantage Drilling has disclosed its operational and financial performance for the fourth quarter and full-year 2022 while revealing its expectations

Drilling Company Uses Process Improvement to Guide Supply

Based in Houston, Texas, the Vantage Drilling Company is using Lean Six Sigma principles to improve its supply chain. Drilling Specialists Vantage specializes in offshore

Deadline extended to firm up ultra-deepwater drillship deal

Dubai-headquartered rig owner Vantage Drilling has extended the expiration of the conditional letter of award (CLOA) for its out of work ultra-deepwater drillship Platinum

Vantage Drilling International

Transaction Overview Transaction Overview Vantage Drilling International ("Vantage" or the "Company") is an international offshore drilling company focused on operating a fleet of

TotalEnergies, Vantage Drilling form drillship-owning entity

Offshore drilling contractor Vantage Drilling has created a joint venture entity with French energy major TotalEnergies, which will own the Tungsten Explorer drillship.

Vantage Drilling Names New COO

Also, Vantage Drilling entered the separate purchase and sale agreements in September 2024 to sell the Topaz Driller jack-up rig and all of the issued and outstanding

VANTAGE DRILLING INTERNATIONAL LTD.

Rig and Equipment Certifications: We are required to obtain regulatory certifications to operate our drilling rigs and certain specified equipment and must maintain such certifications through

TotalEnergies and Vantage enter into a 75/25 joint

Paris, February 6, 2024 – TotalEnergies and Vantage Drilling International have signed a binding agreement to create a new joint venture (JV) that will acquire

Vantage Drilling: A Young And Growing Offshore Drilling Outfit,

Vantage Drilling is a relative newcomer in the offshore drilling industry. The company was founded in 2007 but since that time has managed to acquire an impressive fleet of drilling rigs. This

Vantage Drilling''s Strategic Contract Extension for the Platinum

Ultra-deepwater drilling requires specialized rigs, and the Platinum Explorer ''s capabilities make it a scarce asset in a market where supply is constrained by shipyard

VANTAGE DRILLING | LinkedIn

VANTAGE DRILLING | 130.694 pengikut di LinkedIn. A Perfect Day Every Day | Vantage is an international offshore drilling contractor, formed in 2007, which markets, operates and

Vantage Drilling secures $80 million contract for deepwater drillship

Vantage Drilling has secured a contract with an undisclosed operator for its Platinum Explorer deepwater drillship with a 90-day validity period. The contract is valued at

Vantage Drilling extends conditional agreement for the Platinum

Vantage Drilling International Ltd., a service provider in the offshore oil sector, confirmed a further extension of the conditional letter of award concerning the Platinum

Vantage prunes offshore fleet again, with a repeat buyer stepping

Dubai-based Vantage Drilling has agreed to sell for $190 million in cash its two remaining shallow-water drilling rigs with its fleet now reduced to just two owned deepwater

Jack-up pair passes into ADES'' possession but remains part of

Vantage Holdings International, a subsidiary of Vantage Drilling International, has embarked on a process to divest two jack-up rigs, which will get ADES Holding Company, part

VANTAGE DRILLING

VANTAGE DRILLING | 130,974 followers on LinkedIn. A Perfect Day Every Day | Vantage is an international offshore drilling contractor, formed in 2007, which markets, operates and

Vantage Drilling International

Di scl ai m er This presentation is being provided solely for use by the recipient in making its own evaluation of Vantage Drilling International (the "Company"), its business, assets and financial

Vantage Drilling: Transforming Into A Rig

Vantage Drilling remains in the process of transitioning from an offshore driller to a rig management services provider. Third-quarter results

TotalEnergies and Vantage Drilling launch rig joint

Vantage Holdings International, a subsidiary of Vantage Drilling International, has established a new joint venture (JV), named TEVA Ship

Vantage strikes deal for Eldorado drillship

Offshore drilling contractor Vantage Drilling has sealed a deal with Norwegian rig owner Eldorado Drilling to market its seventh-generation drillship Dorado. The Oslo-listed

Vantage Drilling International Ltd.

Additionally, for third party owned drilling units, we provide operational and marketing services for operating and stacked rigs, construction supervision services for rigs that are under

Offshore rig roundup: Transocean gets contract extensions, Vantage

In this week''s news roundup, Offshore covers the latest rig contracts and newbuild projects of the offshore drilling sector.

Rig increases vantage drilling [PDF]

6 FAQs about [Rig increases vantage drilling]

What happened to vantage drilling's jackup rigs?

Last week, small offshore driller Vantage Drilling announced the sale of its remaining jackup rigs to strategic partner ADES Group. At closing, the company and ADES will enter into a three-year management agreement for the rigs.

Is vantage drilling transforming from an offshore driller to a rig management company?

In recent quarters, Dubai-based offshore driller Vantage Drilling has been executing on a number of strategic transactions. In short, the company is transforming from an offshore driller into a provider of rig management services. Since my last update on Vantage Drilling four months ago, the company has remained busy:

What's going on with Vantage drilling & Ades?

At closing, Vantage Drilling and ADES will enter into a three-year management agreement for the rigs, very similar to the transaction involving the jackup rigs Emerald Driller, Sapphire Driller and Aquamarine Driller two years ago.

What happens to vantage drilling's rig assets after the tungsten explorer sale?

Following the proposed sale of the Tungsten Explorer to the new joint venture with TotalEnergies, Vantage Drilling's remaining rig assets will consist of the Platinum Explorer and its 25% stake in the Tungsten Explorer.

How much is vantage drilling's net asset value?

Assuming a sales price of $150 million, Vantage Drilling's net cash position would increase to almost $380 million or approximately $29 per share. However, with the company retaining a 25% stake in the proposed Tungsten Explorer joint venture and a profitable rig management business, the current net asset value ("NAV") might be above $35 per share:

How much will vantage drilling's net cash position increase?

Assuming a sales price of $150 million, Vantage Drilling's net cash position would increase to almost $380 million or approximately $29 per share. However, with the fate of the Platinum Explorer and the company's future strategic direction still unclear, I am reiterating my "Hold" rating on Vantage Drilling's shares.