Vantage Drilling Eyes M&A Review as Energy Markets Recover

Vantage Drilling International is considering a strategic review that could end in an attempt to sell the offshore drilling contractor, according to people with knowledge of the matter.

The Houston-based company has been speaking to investment banks about helping with an evaluation of its prospects, said the people, who asked not to be identified as the discussions are private. Vantage may be more of an M&A target than an acquirer given its smaller scale, the people said.

Representatives of Vantage didn’t respond to a request for comment. Touting its lean operations and far-out debt maturities, Vantage said it’s well-positioned to ...