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Swissco sees opportunities in volatility

The group has a steady supply of work from national oil companies which puts it in a strong position.

Mr Tan says low oil prices will help weed out the pretenders in the industry, who have added to the supply of rigs in recent years.

OIL prices may be plummeting and the offshore and marine industry may appear to be in an uncertain position but there are bright spots for some amid the gloom as well.

Specifically, low prices may create an environment where others can buy assets cheaply. SGX mainboard-listed Swissco