Vantage Drilling wins Total work for ultra deepwater drillship, Tungsten Explorer, securing a further two years with the oil and gas supermajor.
Vantage announced the news saying: “This agreement will provide visibility to cash flow for an extended period of time.”
Vantage Drilling Wins Extension For Ultra Drillship
The contract equates to a two year extension on the current contract held with Total; for exploration work offshore West Africa.
The extension will carry work for the drillship through to October 2018, although no day rate information has been given.
Vantage Drilling President and CEO, Paul Bragg, said, “We are pleased to announce this agreement with our customer. This agreement will provide visibility to cash flow for an extended period of time.”
Tungsten Explorer Drillship
The Tungsten Explorer is a drillship delivered in 2013 by Daewoo Shipbuilding & Marine Engineering (DSME) Okpo Shipyard, South Korea.
The vessel has been designed to operate in ultra deepwater, with a maximum operational water depth of 12,000 feet (3,658m) and a maximum drill depth of 40,000 feet (12,192m).