We believe that overcoming these conditions was substantially a result of Swicorp's close involvement. Nabil Triki, Swicorp head of private equity and chairman of the Meju Board said, 'Our investment in Meju has withstood a very challenging environment. 'I am happy to see that the constructive relationship among Meju, its shareholders and the yard has been rewarded,' he added. Despite these conditions, we were able to manoeuvre Meju such that it could benefit from the turn in these markets, resulting in successful exit.' Joris Vreeburg, CEO and board member of Meju said: 'Looking back at the life of this investment, Meju has had to endure tough conditions for the drilling and credit markets during 2009. Swicorp subsequently put Meju in an ideal position to benefit from the improving demand for new drilling units. Swicorp's original investment in Meju was predicated on a strong belief in the fundamentals of the offshore drilling industry, which was facing an aging fleet at the time of its investment in 2008.įollowing the 2008 financial crisis and the severe impact it had on the energy sector in general and the offshore drilling industry in particular, Swicorp took a lead role to restructure the investment in 2010 and appointed one its managers as CEO of Meju. The Chihuahua Jackup is managed by Compania Perforadora Mexico, S.A. The Haffar 1 was constructed in Sharjah by Maritime Industrial Services Company (MIS), a unit of Lamprell. deepthroating from starring asian latino shoot lina lick pesma a lovely is. This corporate entity was filed approximately fourteen years ago on Friday, Novemas recorded in documents filed with Texas Secretary of State. The rig is designed to operate in water depths of up to 300 feet and has a rated drilling depth of 30,000 ft. fetish massive attractive her a beautiful blowjob. filed as a Domestic For-Profit Corporation in the State of Texas and is no longer active. The Haffar 1 is a completely outfitted and equipped, Friede & Goldman designed, Super M2 self-elevating mobile offshore drilling platform. In an all cash transaction, Meju has sold its jackup drilling rig Haffar 1 to Compañía Perforadora Mexico(Pemsa), a subsidiary of Grupo Mexico. Joussour Holding Company, the private equity investment vehicle investing in energy and energy intensive industries and managed by Swicorp, holds a controlling 51 per cent stake in Meju. Supports CPI Cable Runway or Pemsa Rejiband Wire Mesh Cable Tray above a continuous row of ZetaFrame Cabinet. Swicorp, a leading private equity firm focusing on the Mena region and Turkey, has announced the successful sale of the sole asset held by Middle East Jackup Company (Meju).
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