U.S. District Court Confirms Arbitration Award in favor of Vantage Drilling and Denies Petrobras´s motion ...
(World News USA)

HOUSTON, May 20, 2019 (GLOBE NEWSWIRE) -- Vantage Drilling International (`Vantage` or the `Company`) announced today that U.S. District Court Judge Alfred H. Bennett of the Southern District of Texas granted Vantage Deepwater Company´s and Vantage Deepwater Drilling, Inc.´s petition to confirm its international arbitration award against Petroleo Brasileiro S.A. (`Petrobras`) and its subsidiaries Petrobras America, Inc. (`PAI`) and Petrobras Venezuela Investments & Services, BV (`PVIS`) in connection with their breach of a drilling services contract with the Vantage entities in 2015. The Court also denied the Petrobras entities´ motion to vacate the arbitration award. ......