Vantage Drilling has agreed to acquire a drillship newbuilding from its majority shareholder Nobu Su.
The US-listed company is to pay $164m to acquire the construction contract for the deepwater unit Dragonquest
Upon closing of the deal Vantage will be responsible for funding the remaining construction-related payments of $800m.
The Dragonquest is under construction at Daewoo Shipbuilding & Marine Engineering and is due to be delivered in April.
The
