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Swissco secures US$94.8 Million charter contracts to supply 4 MODUs


Published Aug 19, 2014
Swissco Holdings Limited

Singapore-based Swissco Holdings Limited (Company or Group) says that four wholly-owned subsidiaries of Scott and English Energy Pte Ltd (Scott and English Energy) have entered into charter contracts worth a total of approximately $94.8 million.

The contracts will last for up to a period of 2 years, providing four mobile offshore drilling units to be used by an oil major to support its oil and gas activities in Latin America. The charters are conditional upon the delivery of such mobile offshore drilling units to the subsidiaries of Scott and English Energy, which is a subsidiary of the Group.

Upon deployment, the abovementioned 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 Dec. 31.

Tags: Scott and English Energy, Swissco Holdings Limited




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