Vantage sinks deeper into the red. Adds fifth rig to jack-up fleet

Offshore driller Vantage Drilling sank deeper into the red in the last quarter of 2018 when compared to the prior-year period as its rig utilization and revenues dropped. The driller also revealed itself as the buyer of the Soehanah rig, increasing its jack-up fleet to five units. 

In its financial report on Thursday Vantage said it had bought the Soehanah jack-up drilling rig. The unit has been renamed Pearl Driller.

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