- CEO
- Thomas J. Cimino
- Full Time Employees
- 786
- Sector
- Energy
- Industry
- Oil & Gas Drilling
- Address
- 777 Post Oak Boulevard Houston TX United States of America 77056
- IPO Date
- Jun 8, 2007
- Business
- Vantage Drilling International Ltd. Vantage Drilling International Ltd. (VTGDF) is a Bermuda-incorporated offshore drilling contractor that provides contract drilling services to major, national and independent oil and gas companies on a worldwide basis; operates and manages a fleet of modern, high-specification drilling rigs including ultra-deepwater drillships such as the Platinum Explorer, Tungsten Explorer, Topaz Driller, Emerald Driller and jack-ups like the Soehanah; and offers marketing, operations, construction supervision and preservation management services for third-party owned drilling units. The company, founded in 2007 and co-headquartered in Dubai, United Arab Emirates and Houston, Texas, maintains operations across key offshore regions including Africa, the Mediterranean, Asia, Australasia, the Middle East, Southeast Asia, India, Europe and the Americas, with a focus on delivering safe, incident-free operations under its "A Perfect Day Every Day" vision emphasizing no non-productive time and full client satisfaction. In recent developments, Vantage established a joint venture entity named TEVA Ship Charter LLC with TotalEnergies in early 2025, under which TEVA acquired the Tungsten Explorer drillship following the end of its prior contract, with Vantage providing management services for an initial 10-year term extendable by five years; sold two jack-up rigs, the Soehanah and Topaz Driller, to ADES in 2024 for $190 million and entered into three-year management agreements for both; redeemed its outstanding $65.1 million 9.500% Senior Secured First Lien Notes due 2028 in September 2025 using proceeds from the Tungsten Explorer sale; secured a 260-day contract for the Platinum Explorer in September 2025 for operations commencing in Q1 2026, though the contract was terminated in October 2025 due to changes in economic sanctions; and reported net income of $67.2 million for Q3 2025, a significant improvement from prior periods.