Oil and Natural Gas Company (ONGC) has awarded a three-year contract to Vantage Drilling International to mobilise the Platinum Explorer deepwater drillship. 

The Platinum Explorer is planned to be mobilised to India in the fourth quarter of 2017.

The expected revenue during the three-year contract term is around $118m; however, this amount does not include service tax.

Vantage Drilling International CEO Ihab Toma said: "We are delighted to put this drillship back to work in this challenging environment and we look forward to safe and successful operations for our customer, ONGC.

"Expected revenue during the three-year contract term is around $118m."

“Vantage and the Platinum Explorer have previously worked for ONGC for five years and we look forward to providing the same professional service to this client."

Vantage Drilling International is an offshore drilling contractor with a fleet of three deepwater drillships, four premium jackup drilling rigs and one standard jackup drilling rig.

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The firm also offers construction supervision services and preservation management services. In addition, it operates and manages drilling units owned by others.