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PS Marine Holding, as a special-purpose company, will acquire all of Petroserv's assets by purchasing the shares of its subsidiary, Universal Energy Resources. The amount for this significant transaction has not been disclosed.

Established in 1972, Petroserv currently owns and operates a fleet of four drilling rigs.

Guilherme Coelho, Chief Executive Officer of Petroserv, stated that they are pleased to sign an agreement with PS Marine Holding. He stated, "With the strong support of our new shareholders, the existing Petroserv management team and I are excited to progress the Petroserv organization into its next chapter, including its Ventura platform in Brazil and Universal platform globally. I would like to thank our existing Board, lenders and other stakeholders for their support over the last several years.”

The transaction is expected to close in the second quarter of 2024.