Vantage Drilling Ends *Platinum Explorer* Contract Due to Sanctions, Transocean Steps In
Offshore drilling contractor Vantage Drilling International Ltd. has ended its contract for the Platinum Explorer due to shifts in the us economy. The termination is immediate and affects a 260-day drilling campaign.
Vantage Drilling, a global operator in offshore drilling, has been forced to cancel the contract due to changes in economic sanctions making it unlawful to continue. Despite the setback, the Platinum Explorer has found a new customer. Transocean has stepped in to book the rig for a drilling campaign following the termination.
Vantage Drilling has terminated the Platinum Explorer contract due to economic sanctions, ending a 260-day campaign. However, the rig has been booked by Transocean for a new drilling campaign, ensuring its continued operation.
