VTGDF Vantage Drilling Company (CE)

By Josh Beckerman

Vantage Drilling International said an international arbitration tribunal awarded the company $622.02 million in a dispute with Brazil's Petroleo Brasileiro SA, or Petrobras, over a 2015 contract termination.

Petrobras didn't immediately return an email seeking comment.

Vantage filed for chapter 11 bankruptcy in late 2015, citing oil prices and the effects of bribery allegations about Petrobras, which was Vantage's largest customer. Vantage emerged from bankruptcy protection in early 2016.

Write to Josh Beckerman at josh.beckerman@wsj.com

(END) Dow Jones Newswires

July 02, 2018 14:57 ET (18:57 GMT)

Vantage Drilling (CE) (USOTC:VTGDF)
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Vantage Drilling (CE) (USOTC:VTGDF)
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