Singapore’s Swiber Scores Five New Contracts

Swiber Holdings Limited , a Singapore-based integrated construction and support services provider to the offshore oil and gas industry, today announced its first series of contract wins just beginning of the new year. The Group has clinched five sizeable contracts totaling approximately US$235 million.

Three of these contract wins, which amounted to approximately US$145 million, were awarded to the Group for works that will be executed in Latin America and Southeast Asia. The remaining two contract wins, which aggregated to approximately US$90 million, were awarded to Swiber’s associate company and joint venture company, and are for services that will be executed in Southeast Asia. These contracts will start immediately and are expected to be completed in next 2 years.

Francis Wong, Group Chief Executive Officer and President of Swiber said: “We are pleased to begin 2014 on a strong note. Swiber continually endeavours to better execute our projects, increasing our safety profile, being on time and on budget. This proven ability and capacity in integrated construction and support services in the offshore oil and gas industry, coupled with our unwavering commitment to excellence, continues to be recognised by the industry.”