---
title: "Vantage Drilling International receives $261M contract from ONGC for Platinum Explorer drillship in India."
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/275420830.md"
description: "Vantage Drilling International Ltd. has received a $261 million contract from ONGC for its drillship Platinum Explorer. The contract includes a 3-year commitment with an optional 1-year extension for operations in India, starting within 180 days of the Notification of Award (NOA)."
datetime: "2026-02-10T07:37:09.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/275420830.md)
  - [en](https://longbridge.com/en/news/275420830.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/275420830.md)
---

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# Vantage Drilling International receives $261M contract from ONGC for Platinum Explorer drillship in India.

Dubai, February 10, 2026 - Vantage Drilling International Ltd. has confirmed the reception of a binding Notification of Award (NOA) from ONGC for its drillship Platinum Explorer. The contract, secured after a tender process, entails a 3-year firm commitment with an optional 1-year extension for operations in India. The estimated total value of the contract stands at $261 million USD, excluding MPD Services. The commencement of the contract is set to take place within 180 days following the issuance of the NOA, adhering to the tender stipulations.

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