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Vantage Drilling International Extends Conditional Letter of Award for Platinum Explorer
ByAinvest
Thursday, Aug 21, 2025 2:31 pm ET1min read
Vantage Drilling International Ltd. has extended its Conditional Letter of Award for the Platinum Explorer drilling unit until August 29, 2025. The extension follows a previous 30-day extension on July 22, 2025. The terms and conditions remain unchanged. This information is subject to disclosure requirements under the Norwegian Securities Trading Act.
Dubai, Aug. 21, 2025 (GLOBE NEWSWIRE) — Vantage Drilling International Ltd. (the "Company") has announced that the Conditional Letter of Award (CLOA) received for the Platinum Explorer drilling unit, originally dated April 23, 2025, has been further extended until August 29, 2025. This extension follows a previous 30-day extension granted on July 22, 2025. The terms and conditions of the CLOA remain unchanged.The CLOA extension is subject to disclosure requirements under the Norwegian Securities Trading Act. The information was submitted for publication by Alaric Harrell, Chief Accounting Officer of the Company, on August 21, 2025.
Vantage Drilling International Ltd. is a Bermuda exempted company that specializes in offshore drilling. The company's primary business involves contracting drilling units, related equipment, and work crews on a dayrate basis to drill oil and natural gas wells globally for major, national, and independent oil and gas companies. Additionally, Vantage Drilling markets, operates, and provides management services for drilling units owned by others.
For more information about the Company, please refer to their website at [www.vantagedrilling.com](http://www.vantagedrilling.com).
References:
[1] https://www.marketscreener.com/news/vantage-drilling-international-ltd-a-further-extension-of-conditional-letter-of-award-ce7c50dad981f127
[2] https://www.globenewswire.com/news-release/2025/08/21/3137451/0/en/Vantage-Drilling-International-Ltd-Further-Extension-of-Conditional-Letter-of-Award.html
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