Brazilian offshore drilling player Petroserv Marine is set to be acquired by a consortium of financial investors.
A special purpose vehicle PS Marine Holding will take over all Petroserv’s assets via a share purchase of its subsidiary, Universal Energy Resources for an undisclosed sum.
Founded in 1972, Petroserv currently owns and operates a fleet of four drilling rigs.
The Macaé-based company said the sale would result in a “recapitalised industry-leading Brazilian offshore drilling company backed by new shareholders”. The business will continue with its existing management team and employees.
Guilherme Coelho, Petroserv’s chief executive, commented: “With the strong support of our new shareholders, the existing Petroserv management team and I are excited to progress the Petroserv organization into its next chapter, including its Ventura platform in Brazil and Universal platform globally.”
The transaction is expected to close in the second quarter of 2024.
