TotalEnergies and Vantage Drilling International have signed a binding agreement to create a new joint venture (JV) that will acquire from Vantage the Tungsten Explorer drillship. Pursuant to the terms of the agreement, TotalEnergies will pay $199 million for a 75% interest in the JV owning the rig, with Vantage owning the remaining 25%. Leveraging on Vantage's deep offshore drilling experience and longstanding collaboration with TotalEnergies, the JV will contract Vantage to operate the Tungsten Explorer for 10 years.
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5-day change | 1st Jan Change | ||
29.25 USD | +39.29% | -.--% | +23.68% |
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68.32 EUR | -0.63% | +1.86% | 172B | ||
29.25 USD | +39.29% | -.--% | 387M | ||
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+23.68% | 387M | |
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-6.38% | 4.76B | |
+1.53% | 4.39B | |
+19.59% | 4B | |
+7.23% | 3.82B |
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- Totalenergies and Vantage Drilling International Enter into A 75/25 Joint Venture Owning the Tungsten Explorer Drillship