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

Eldorado Drilling has completed the acquisition of Vantage Drilling, a oilfield services business in offshore drilling in Norway, for $258 million. Vantage Drilling International provides global offshore drilling services and operates high-specification rigs for customers across key offshore markets, supporting demand for advanced drilling capacity. Eldorado Drilling acquisitions aim to expand offshore drilling capabilities and deepen long-standing customer relationships by integrating Vantage’s operating footprint. The energy M&A is structured as a strategic merger acquisition, with Vantage becoming a wholly owned subsidiary while continuing to operate under its existing name. The merger acquisition is announced and expected to close in the third quarter of 2026, subject to shareholder approval and customary closing conditions.