Vantage Holdings International ("VHI"), a subsidiary of Vantage Drilling International, entered into a Framework Agreement with Seadrill Partners LLC ("Seadrill Partners") pursuant to which certain subsidiaries of VHI (the "VHI Entities") have entered and will enter into management and marketing agreements with certain subsidiaries of Seadrill Partners (the "Seadrill Entities").
Under the management and marketing agreements, the VHI Entities will provide marketing and operations management services in respect of certain of the Seadrill Entities' deepwater floaters.
These agreements are subject to the approval of the U.S. Bankruptcy Court for the Southern District of Texas.
Source: Market Screener
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