Option Exercised for Aquamarine Driller

Vantage Drilling Company on Monday announced that the jackup rig Aquamarine Driller's (375' ILC) customer in Malaysia has exercised the first of their one year options, extending the current contract to November 2013.

The exercise of the option will keep the Aquamarine Driller working in continuity with its current contract and is anticipated to generate an estimated $56 million of revenue over the one year extension period. The Aquamarine Driller's customer retains one additional one year option, at mutually agreeable rates.

 

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