Vantage Drilling International Ltd. Announces Completion of the Sale of the Tungsten Explorer

Core Points - Vantage Drilling International Ltd. has completed the sale of the Tungsten Explorer to TEVA Ship Charter LLC, a joint venture where Vantage holds a 25% stake and TotalEnergies holds 75% [1][2] - Vantage will continue to manage the Tungsten Explorer for a ten-year term, with an option to extend for an additional five years [1] - The CEO of Vantage Drilling expressed satisfaction with the sale and looks forward to a productive relationship with TotalEnergies [2] Company Overview - Vantage Drilling International Ltd. is an offshore drilling contractor based in Bermuda, primarily engaged in contracting drilling units and related services on a dayrate basis for oil and gas wells globally [3] - The company also markets, operates, and provides management services for drilling units owned by other entities [3]