Eldorado Drilling acquires Vantage Drilling for $257.6 million

Eldorado Drilling has agreed to acquire Vantage Drilling for $257.6 million, including the ultra-deepwater drillship Platinum Explorer and a stake in the Tungsten Explorer joint venture.

“The recent Eldorado Drilling-Vantage Drilling merger might not have the headline-grabbing price tag of some of its predecessors, but it’s a deal that, in my opinion, encapsulates the evolving strategy of the offshore drilling industry.”pnwbcrescue.org

• 2 sources
• pnwbcrescue.orgOffshore Drilling Consolidation: Eldorado's Vantage Buy and the Bigger Picture (2026)Merrill Bechtelar CPANov 8, 2026
• mirabundus.orgOffshore Drilling Consolidation: Eldorado’s Vantage Buy Highlights Trend (2026)Eusebia NaderNov 9, 2026

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