Vantage scores drilling contract in Southeast Asia

Vantage Drilling's jackup Emerald Driller has been awarded a two-year contract to operate in Southeast Asia.

Offshore staff

HOUSTON -- Vantage Drilling's jackup Emerald Driller has been awarded a two-year contract to operate in Southeast Asia. The contract is expected to begin early February 2009, following the completion of its construction and commissioning activities in Singapore.

Estimated revenues to be generated over the initial term are approximately $128.3 million, excluding revenues for cost escalations and client reimbursables.

TheEmerald Driller is one of four Baker Marine Pacific class 375 jackup rigs that Vantage currently has under construction. The Baker Marine Pacific Class 375 jackup rig is an independent leg, cantilever, non-harsh environment jackup with a drilling depth of approximately 30,000 ft (9,144 m) and is capable of operating in water depths up to 375 ft (114 m).

08/22/2008

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