# 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.

- Type: Acquisition
- Announced: 2026-11-08
- Value: $257.6M
- Status: announced
- Products: offshore drilling services, drillships
- Sectors: [Mining Equipment](https://endata.com/sectors/mining-equipment.md)

## Companies

- [Eldorado Drilling](https://endata.com/companies/95439.md) (acquirer)
- [Vantage Drilling](https://endata.com/companies/95440.md) (target)

## Sources

- [pnwbcrescue.org](https://pnwbcrescue.org/article/offshore-drilling-consolidation-eldorado-s-vantage-buy-and-the-bigger-picture), 2026-11-08: "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."
- [mirabundus.org](https://mirabundus.org/article/offshore-drilling-consolidation-eldorado-s-vantage-buy-highlights-trend), 2026-11-09: "The recent acquisition of Vantage Drilling by Eldorado Drilling for $257.6 million marks a significant development in the offshore drilling industry."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.