Swissco and Ezion may lock horns over US$522k claims

Singapore

SWISSCO Holdings looks set to lock horns with Ezion Holdings over some US$522,000 in claims that the latter is seeking over various rig joint ventures.

Ezion, which has offered to buy out the 50:50 joint-venture rigs with Swissco's subsidiary Scott and English Energy Pte Ltd (S&E), has served three statutory demands on S&E.

The demands made through Ezion Investments Pte Ltd assert that Ezion is owed sums of US$23…