Offshore

Vantage Drilling wins ONGC award notice for Platinum Explorer in India

ONGC issued a binding NOA to Vantage Drilling for the drillship Platinum Explorer: 3-year firm + 1-year option in India, estimated at $261M USD excl. MPD Services.

Platinum Explorer (Photo source: Vantage Drilling International)

10, February 2026
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Vantage Drilling International Ltd. has received a binding Notification of Award (NOA) from ONGC for the drillship Platinum Explorer, following the conclusion of ONGC’s tender for a deepwater drillship campaign in India.

The tender covers a 3-year firm term with a 1-year optional campaign, with an estimated total contract value of $261M USD, exclusive of MPD Services. In line with the tender requirements, the contract is expected to commence no later than 180 days after the NOA is issued.

The company said the announcement is made pursuant to the disclosure requirements under section 5-12 of the Norwegian Securities Trading Act.

Tags: drillship tender, India deepwater, offshore drilling, ONGC, rig contracts

Editorial Note:
This article was prepared with the assistance of AI tools to enhance clarity and efficiency.
All information has been reviewed and verified by the HMT News editor.

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