The contract driller recorded a loss of around $81.82 million for 2013 versus a steeper $145.3 million loss a year earlier.
Annual revenues jumped 55% to a company record of $666.12 million from $423.89 million in 2012.
Chief executive Paul Bragg said that the company’s fleet of three ultra-deepwater drillships and four high-specification jack-ups had recorded an “exceptional operational performance”.
Vantage said that when debt retirement costs were excluded from both years, it had swung to a profit of around $16.5
