Vantage Drilling Updates Status of Platinum Explorer
December 10 2010 - 3:31PM
Marketwired
Vantage Drilling Company ("Vantage" or, the "Company") (NYSE Amex:
VTG.U) (NYSE Amex: VTG) (NYSE Amex: VTG.WS) is pleased to announce
that the ultra-deepwater drillship, the Platinum Explorer, has 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.
The information above includes forward-looking statements within
the meaning of the Securities Act of 1933 and the Securities
Exchange Act of 1934. These forward-looking statements are subject
to certain risks, uncertainties and assumptions identified above or
as disclosed from time to time in the company's filings with the
Securities and Exchange Commission. As a result of these factors,
actual results may differ materially from those indicated or
implied by such forward-looking statements.
For further information, contact: Paul A. Bragg Chairman and
Chief Executive Officer (281) 404-4700
Vantage Energy Services, (AMEX:VTG.U)
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