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Vantage Drilling (VTG) is a young offshore drilling company headquartered in Houston, TX but with much of its operations based out of Singapore. The company has a fleet of seven modern offshore drilling rigs that are evenly split between shallow-water high-specification jack-ups and ultra-deepwater drillships. That positions the company quite well in the industry, although its relatively high debt level could be a concern.

As previously mentioned, Vantage has a rig fleet consisting of four high-specification jack-ups and three ultra-deepwater drillships. The company also acts as the rig manager (but not owner) of an additional two ultra-deepwater drillships and two jack-ups.

Source: International Hedges

As should be immediately obvious, Vantage Drilling has a very modern...

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