• Vantage Drilling International filed its 2025 annual report, highlighting a shift toward an asset-light model built on managed-services contracts.
• The Platinum Explorer remained warm-stacked, with a binding ONGC award for a 3-year India campaign valued at about USD 261 million.
• A prior Black Sea award for Platinum Explorer was terminated in October 2025 due to sanctions, removing a planned early-2026 start.
• The Tungsten Explorer was sold to TEVA in August 2025 for about USD 265 million, with Vantage retaining a 25% stake and a 10-year management contract.
• Total contract backlog stood at about USD 174.9 million at year-end, excluding the ONGC award; about USD 21.8 million is slated for 2026 work.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Vantage Drilling International published the original content used to generate this news brief on June 01, 2026, and is solely responsible for the information contained therein.