Swiber Holdings Limited has won an Engineering, Procurement, Installation and Construction (EPIC) contract in Latin America for subsea development work, including pipeline tie-in work, with an aggregate value of $ 80 million.
The project will commence immediately and is expected to be completed in 2015.
Mr. Francis Wong, Group Chief Executive Officer and President of Swiber, said: “We are pleased with this project win as it is testament to Swiber’s ability to successfully develop and grow in regions where we are expanding into as part of our strategic long term goals.
We believe that with the heightening of our marketing and business development efforts in Latin America, Swiber is steadily establishing foothold in the growing energy sector in Mexico, where rising awareness of Swiber’s wide range of integrated offshore construction services, enhanced with in-house marine support and engineering capabilities has created a strong brand presence.”
Earlier in February 2014, the Group also won contracts valued at approximately $235 million, bringing its contract wins in 2014 to $315 million.
[mappress] June 2, 2014