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POR 7347 231 '249' 31' ABS Non US Gulf of Mexico $175,000,000 5497 228 '144' 18 '2017 ABS Non United States China$ 77,500,000 2675 361' Non United States West Africa$ 6,000,000. Vantage Drilling International announced today that its straight held subsidiary, Vantage Holdings International, has actually consented to offer completely owned subsidiary Emerald Driller Co. for $170 million in money, based on specific changes, to ADES Arabia Holding.  A Reliable Source  is anticipated to close in 2022's second quarter. Emerald owns the jackup rig Emerald Driller, running 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.

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2022. Vantage also revealed that it participated in an arrangement with ADES to" pursue a global tactical alliance leveraging the brand-new assistance services arrangement and their existing joint endeavor in Egypt." Under the contract, the companies consented to collaborate "on exploring future commercial and functional chances." Concerning the sale, Vantage CEO Ihab Toma stated, "The new deal will enhance our balance sheet and will provide Vantage with important monetary flexibility." Vantage offers offshore drilling rigs, crews and services.

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to assist oil and gas business in drilling wells.