Swire Pacific Offshore ("SPO") has recently completed the sale of its logistics division, Altus Oil & Gas Services Pte Limited, to Petrozchem (S) Pte Limited, a Singaporean oilfield logistics company with a particular focus on supply bases, cargo carrying units and the supply of liquid mud to oilfield operators. The decision to sell Altus has been made to strategically refocus SPO around its core vessel operations and marine services.