Swissco secures contracts for four drilling units

Singapore’s Swissco has entered into charter contracts worth a total of $94.8 million to supply drilling units to an oil company in Latin America.

The contracts, received by Scott & English Energy, recently bought by Swissco, will last for up to a period of 2 years,

The charters are conditional upon the delivery of the mobile offshore drilling units to the subsidiaries of Scott & English Energy, which is a subsidiary Swissco.

Upon deployment, 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 31 December 2014, Swissco said in a press release.

 Related: Swissco step closer to becoming drilling contractor