Offshore driller Vantage Drilling has reduced its quarterly net loss on the back of higher revenues as its rig utilization went up compared to the prior-year period.
Vantage Drilling on Friday reported a net loss of approximately $26.1 million for the three months ended September 30, 2018 as compared to a net loss of $40.1 million for the three months ended September 30, 2017.
In this year’s third quarter Vantage’s revenues totaled $64.6 million, an increase from revenues of $57.7 million in 3Q 2017.
Brazil Energy Insight 
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