Petrobras Terminates drillship contract with Vantage Drilling, arbitration will follow
Petrobras Terminates drillship contract with Vantage Drilling, arbitration will follow Petrobras has terminated its drillship contract with Vantage Drilling, alleging that the NYSE-listed contractor has “breached its obligations” under the contract. Vantage says it has filed for arbitration, stating the termination is a “wrongful attempt” to cancel the contract reports Holly berkett Vantage Deepwater…