(AOF) – TotalEnergies and Vantage Drilling International have signed a binding agreement relating to the creation of a joint venture (JV) intended to acquire the Tungsten Explorer drillship, currently owned by Vantage. Under the terms of the agreement, TotalEnergies will pay $199 million for 75% of the JV owning the drilling rig, with Vantage having the remaining 25%. Capitalizing on Vantage’s experience in deep offshore drilling and its long-standing cooperation with TotalEnergies, the JV will entrust Vantage with the operation of this vessel for a period of ten years.
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