Swire Oilfield Services acquires Weir OCI

Swire Oilfield Services has acquired the assets and operating business of Weir OCI.

Offshore staff

ABERDEEN -- Swire Oilfield Services has acquired the assets and operating business of Weir OCI.

Weir OCI is Swire’s second Australian acquisition in the past year, and takes investment in the region to more than £15 million ($25 million). In August 2008 Swire Oilfield Services acquired Perth-based Maritime Products & Services. The three companies will now trade as Swire Oilfield Services Pty Ltd.

With a fleet of over 1,800 units, the new entity is the largest provider of CCUs, the company says. Additionally, the company will provide helifuel, filtration and pumping services, chemical handling, and specialist support services in the Australasian market.

“Despite the tough trading conditions, we believe the Australian and Asian market has strong long-term potential and we are determined to continue to invest to grow our business,” says Rupert Bray, director and GM of Swire. “Combined with our recent entry into the Indian and Brazilian markets, this acquisition confirms Swire Oilfield Services’ as the global market leader in the offshore cargo carrying sector.”

07/30/2009

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