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Offshore drilling contractor Vantage Drilling booked a loss in the last quarter of 2019 despite increase in revenues driven by higher utilization in both jack-up and deepwater segment. Emerald Driller jack-up rig; Source: VantageVantage on Thursday reported a net loss attributable to controlling interest of $61.4 million for the three months ended December 31, 2019, as compared to a net loss attributable to controlling interest of $52.2 million for the three months ended December 31, 2018.The company recorded revenues of $49.3 million in 4Q 2019 compared to revenues of $43.07 million in the same period of 2018.For the full year 2019, Vantage reported net income attributable to controlling interest of approximately $455.7 million, as compared to a net loss attributable to controlling interest of $141.5 million for 2018.The company’s jack-up rig utilization increased to 99.1% in 4Q 2019 from 96.6% in 4Q 2018 and its deepwater rig utilization increased to 61.1% from 35%.Offshore Energy Today StaffSpotted a typo? Have something more to add to the story? Maybe a nice photo? Contact our editorial team via email. Also, if you’re interested in showcasing your company, product, or technology on Offshore Energy Today, please contact us via our advertising form where you can also see our media kit.