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POR 7347 231 '249' 31' ABS Non US Gulf of Mexico $175,000,000 5497 228 '144' 18 '2017 ABS Non US China$ 77,500,000 2675 361' Non US West Africa$ 6,000,000. Vantage Drilling International revealed today that its straight held subsidiary, Vantage Holdings International, has agreed to offer completely owned subsidiary Emerald Driller Co. for $170 million in money, based on particular adjustments, to ADES Arabia Holding. The sale is expected to close in 2022's 2nd quarter. Emerald owns the jackup rig Emerald Driller, operating in Qatar, and will own, prior to the sale's closing, the jackup rigs Sapphire Driller and Aquamarine Driller, which are both anticipated to begin operating in Qatar in.
2022. Learn More Here revealed that it got in into a contract with ADES to" pursue an international tactical alliance leveraging the brand-new assistance services agreement and their existing joint endeavor in Egypt." Under the arrangement, the companies consented to work together "on exploring future industrial and operational chances." Relating to the sale, Vantage CEO Ihab Toma stated, "The new transaction will strengthen our balance sheet and will supply Vantage with important financial versatility." Vantage provides offshore drilling rigs, teams and services.
to help oil and gas business in drilling wells.