HitecVision takes stake in Energy Drilling

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.

 


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