Vantage Drilling International Ltd. has completed its sale of the Tungsten Explorer to TEVA Ship Charter LLC, the joint venture entity owned 25% by Vantage Drilling and 75% by TotalEnergies.
As previously announced, Vantage will continue to manage the Tungsten Explorer for a ten-year term with the option to extend for an additional five years.
“We are delighted to have completed the sale of the Tungsten Explorer,” said Ihab Toma, CEO of Vantage Drilling. “We now look forward to a productive and mutually beneficial relationship for the joint venture with our esteemed client and partner TotalEnergies.”
This information is subject to the disclosure requirements pursuant to section 5-12 of the Norwegian Securities Trading Act.
This article was originally posted at www.worldoil.com
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