$94.8m deal for Swissco

Swissco has fixed four offshore drilling units to an oil major in Latin America.

The contracts, worth $94.8m, will last for up to two years.

The rigs are owned by Scott and English Energy, which has just been taken over by Swissco.

Its latest contract comes a few days after the company recorded a $2m profit for the second quarter of 2014.

Sales increased from $10.4m to $11.2m due to higher revenue from the chartering and ship repair business segments.

Swissco operates a young fleet of 31 vessels, including anchor handling tugs (AHTs), utility tugs, barges and accommodation vessels.