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Monday
Nov072011
DateMon, November 7, 2011

Vantage, DSME agree terms for deepwater drillship

Daewoo Shipbuilding and Marine Engineering (DSME) is to construct an ultra-deepwater drillship (Tungsten Explorer) for Vantage Drilling.

This is a fixed-price turnkey contract, with delivery scheduled for May 31, 2013. The cost, including project management, commissioning, spares, pre-delivery crew costs, and inventory, should be in the range $580-590 million. There is also a fixed-price option for the purchase of an additional drillship.

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