Vantage Drilling International. Stock Analysis VTDRF

Vantage Drilling International Ltd. engages in offering contract drilling units, related equipment, and work crews primarily on a day rate basis to drill oil and natural gas wells globally for major, national, and independent oil and gas companies. The company is headquartered in Houston, Texas and currently employs 616 full-time employees. The company went IPO on 2020-02-10. The firm is focused on operating a fleet of drilling units. The firm operates through two segments. The Drilling Services segment includes activities related to owned jack up rigs and drill ships. The Managed Services segment consists of activities related to rigs owned by third parties that it manages, supports, or operates through bareboat charters. Its principal business is to contract drilling units, related equipment and work crews, primarily on a day rate basis, to drill oil and gas wells for its customers. Through its fleet of drilling units, it provides offshore contract drilling services to national and independent oil and gas companies, focused on international markets. The company provides operational and marketing services for operating and stacked rigs, construction supervision services for rigs that are under construction, and preservation management services for rigs that are stacked.