en.Wedoany.com Reported - Vantage Drilling and Eldorado Drilling have announced the completion of their merger, forming a scalable offshore drilling platform with "enhanced" capabilities. Eldorado Drilling has completed its acquisition of Vantage, with Vantage continuing as an indirect subsidiary of Eldorado. The merger is expected to broaden commercial opportunities across multiple regions and strengthen the shared commitment to safety and operational excellence.

Eldorado Chairman Bernie Wolford stated that the completion of this transaction marks the beginning of the next chapter. By combining Eldorado's commercial strength with Vantage's operational capabilities, the merged company can compete for a wider range of opportunities and serve clients with greater scale and resilience. The merger combines Eldorado's Atlantic Zonda drillship with Vantage's asset base, operational capabilities, global footprint, and track record of managing high-specification drilling assets under long-term operating and management arrangements, enabling the merged company to serve a diversified client base.

Vantage CEO Ihab Toma said the team is proud of what has been achieved and excited about what will be accomplished together with Eldorado. The focus remains unchanged—delivering safe, reliable operations and excellent service to clients, now supported by an expanded platform with resources for growth. The merged company can leverage Vantage's experience serving national oil companies and international operators to meet a broader range of client needs while maintaining high standards of Health, Safety, and Environment (HSE) and operations. Eldorado currently operates the seventh-generation Atlantic Zonda drillship, managed by a third party in Brazil, and has agreed to acquire the Deep Value Driller drillship through a transaction expected to close in the second half of 2026.