Swissco buys rig operator

Singapore: Swissco shareholders have approved the acquisition of Scott and English Energy for S$285m.

Scott and English Energy is in the business of owning and leasing mobile offshore drilling units and service rigs to support major oil and gas corporations in their exploration and production activities.

Alex Yeo, group ceo of Swissco, said: “This acquisition combines the expertise, know-how and track record of Swissco, a leading marine service provider, with the sourcing capabilities and industry connections of Scott and English Energy, a fast-growing international rig owner.”  [22/07/14]

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