Swissco units bag US$94.8m charter deals

Singapore

SWISSCO Holdings said yesterday that four subsidiaries of Scott and English Energy have secured charter contracts worth a total of US$94.8 million.

The contracts will last for up to a period of two years, involving the provision of four mobile offshore drilling units to be used by an oil major to support its oil and gas activities in Latin America. The offshore marine services provider said the 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, 2014.