Swissco secures contracts for four drilling units
- Business & Finance
Singapore’s Swissco has entered into charter contracts worth a total of $94.8 million to supply drilling units to an oil company in Latin America.
The contracts, received by Scott & English Energy, recently bought by Swissco, will last for up to a period of 2 years,
The charters are conditional upon the delivery of the mobile offshore drilling units to the subsidiaries of Scott & English Energy, which is a subsidiary Swissco.
Upon deployment, the charters are expected to have a positive impact on the Group’s earnings per share and net tangible assets per share for the financial year ending 31 December 2014, Swissco said in a press release.