HitecVision takes stake in Energy Drilling

Thursday, November 14, 2013

Norwegian private equity group HitecVision AS is to invest US$92.6million in Singapore-based Energy Drilling Pte Ltd. 

The deal will see Hitecvision take a majority stake in the company and it will ensure delivery of Energy Drilling Pte Ltd’s two high specification tender assist barge rigs EDrill-1 and EDrill-2, in 1Q 2014 and 2Q 2014, respectively, and the semi-tender EDrill- 3 in 2Q 2015. 

Energy Ventures, the founding shareholder of Energy Drilling, welcomed HitecVision's invesment.

 
Categories: Rigs Asia Activity Vessels Drilling

Related Stories

Four Jack-Up Drilling Rig Deals Set to Bring In $129M for Borr Drilling

Four Jack-Up Drilling Rig Deals Set to Bring In $129M for Borr Drilling

PTTEP Hires Velesto’s Jack-Up Rig for Drilling Campaign off Malaysia

PTTEP Hires Velesto’s Jack-Up Rig for Drilling Campaign off Malaysia

Strategic Marine Delivers Fourth Fast Crew Boat to Thai Firm

Strategic Marine Delivers Fourth Fast Crew Boat to Thai Firm

Current News

Floatel Secures Longer Stay for Accommodation Rig off Australia

Industry Consortium to Asses Floating Nuclear Plants for Mediterranean Sea

Longitude Lines Up More Work at Shell’s West Delta Deep Concession off Egypt

MeyGen Tidal Energy Tech Sets New Operational Record

Subscribe for OE Digital E‑News

Offshore Engineer Magazine