Swire Oilfield Services Plans More SE Asia Investments

Swire Oilfield Services, global supplier of cargo carrying solutions, modular systems, offshore aviation services and fluid management says it plans to further invest in Southeast Asia with the development of three new operational yards and the arrival of new rental equipment to its fleet.

The company, which established its first Southeast Asia base in Singapore in 2010 and has since opened further bases across the region, is the largest supplier of DNV certified cargo carrying units in the Southeast Asia market.

To better meet increasing customer demand in the region, the company has invested more than $10 million USD by expanding its cargo carrying unit rental fleet and further developing operating bases in Myanmar, Malaysia and Thailand.

Development is due to be completed on all new bases by the end of the first quarter 2014 and is predicted to bring additional employment opportunities in local areas as the supporting operational infrastructure continues to expand in Southeast Asia.

Troy Brice, Director and Regional General Manager Asia Pacific, commented on further establishing the company’s presence in the region, said:  “The announcement follows a successful 2013 for the team in Southeast Asia which resulted in multiple long-term contract wins with multinational customers, increase in workforce and our service capability leading to recognition across the industry of our high quality offering to the market. This played a key part in contributing to achieving the company’s overall global growth plans.

He continued: “We are continuing to demonstrate our commitment to the region with the opening of the new facilities, a major expansion of our equipment fleet as well as bringing innovative products and services to the market. This is an exciting phase in our global growth plans of which we are very much looking forward to be a part of. Swire Oilfield Services is investing for the long term future and will continue to set the standards for the industry.”

About the Company
Swire Oilfield Services is a part of the Swire Group, was established in 1979 and is the world's largest supplier of specialist offshore cargo carrying units to the global energy industry and is a leading supplier of modular systems, offshore aviation services, fluid management.

Operating in over 31 countries, with a team of 1,000 staff operating from more than 50 bases around the globe. The company has a presence in all major oil and gas regions with large operations in the Americas, Europe & Africa, and Asia Pacific.