SOURCE: Vantage Drilling Company

February 03, 2009 14:28 ET

Vantage Drilling Company Announces Emerald Driller Mobilizes for Thailand

HOUSTON, TX--(Marketwire - February 3, 2009) - Vantage Drilling Company ("Vantage" or the, "Company") (AMEX: VTG-U) (AMEX: VTG) (AMEX: VTG-WS) is pleased to announce that its recently constructed jackup drilling rig Emerald Driller has commenced its contract and begun mobilization to its first drilling location in Thailand. Emerald Driller is the first of four Vantage jackup drilling rigs being constructed by PPL Shipyard Pte, Ltd.

Paul Bragg, Chairman and Chief Executive Officer of Vantage, commented, "With the mobilization of our first completed rig, we are now earning our initial dayrate drilling revenues under a two year operating agreement in Thailand. I congratulate our operations team and the PPL shipyard on a job well done."

Vantage, a Cayman Islands exempted company, is an offshore drilling contractor, with four Baker Marine Pacific Class 375 ultra-premium jackup drilling rigs and an ultra deepwater drillship, the Platinum Explorer, currently under development. Vantage is also providing management services to an affiliate with respect to two other ultra-deepwater drillships.

The information above includes forward-looking statements within the meaning of the Securities Act of 1933 and the Securities Exchange Act of 1934. These forward-looking statements are subject to certain risks, uncertainties and assumptions identified above or as disclosed from time to time in the Company's filings with the Securities and Exchange Commission. As a result of these factors, actual results may differ materially from those indicated or implied by such forward-looking statements

Contact Information

  • Public & Investor Relations Contact:
    Paul A. Bragg
    Chairman and Chief Executive Officer
    Vantage Drilling Company
    (281) 404-4700