Page 16: of Offshore Engineer Magazine (May/Jun 2026)
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MARKETS DRILLSHIPS © Vantage Drilling
ELDORADO-VANTAGE MERGER
SIGNALS CONTINUED OFFSHORE
DRILLING CONSOLIDATION
On 29 May 2026, Vantage Drilling International and Eldorado Drilling signed a merger agreement under which Eldorado will acquire Vantage, making it a wholly owned subsidiary. As part of the transaction, Vantage shareholders will receive $19 per share in cash, valuing the company at approximately $257.6 million. The combined entity will continue to operate under the name Vantage Drilling International.
By Kathleen Gammack, Senior Rig Market Analyst at Westwood 16 OFFSHORE ENGINEER OEDIGITAL.COM