Vantage Drilling Acquired by Eldorado Drilling | Energy M&A Deal

Eldorado Drilling has acquired Vantage Drilling, a oilfield services business in the energy sector, for $258 million. Vantage Drilling provides offshore drilling services and operates deepwater drillship assets, supporting contract drilling in water depths up to 12,000 feet. Eldorado Drilling acquisitions expand strategic offshore capabilities and add modern seventh-generation drillship capacity to its fleet. The energy M&A is structured as a merger acquisition and is categorized as a strategic acquisition, with the deal announced and expected to close under customary terms.