Swissco Doubles Rig Fleet

Singapore-headquartered Swissco Holdings Limited has completed the acquisition of four additional mobile offshore drilling units, bringing its fleet of rigs to eight.

As World Maritime News previously reported, the rigs have up to two-year contracts worth about USD 94.8 million, and are being deployed in Latin America.

Mr. Kelvin Tang, Group Chief Investment Officer of Swissco, said: “Our expansion into the upstream continues to gain momentum with the completion of this acquisition. In a span of about two months since we acquired the rig business of Scott and English Energy Pte Ltd, we have doubled our rig count.

With our rigs deployed in Latin America, we are well-positioned to ride on the robust industry momentum as the region embarks on a new wave of oil exploration and production activities.”