Paratus eyeing shares placement to support drilling, subsea susbsidiaries
June 21, 2024
Paratus Energy Services plans to launch a private placement of new shares and to list its shares on Euronext Growth Oslo.
Offshore staff
HAMILTON, Bermuda — Paratus Energy Services plans to launch a private placement of new shares and to list its shares on Euronext Growth Oslo.
The company’s interests include Fontis Holdings (ex-SeaMex Holdings), a 50% joint venture interest in Seabras Sapura and Seabras Sapura Holding (collectively Seabras), and 24.2% equity in drilling/well services provider Archer.
Fontis is an offshore drilling contractor with a fleet of five high-spec jackups under contracts in Mexico. Seabras, a subsea services specialist, has six multi-purpose pipelaying support vessels under contracts in Brazil.