Swiber clinches offshore field development work
- Business & Finance
Swiber Holdings Limited has secured an award from a Houston-based oil and gas company to provide Engineering, Procurement, Construction, Installation and Commissioning (EPCIC) services for an offshore field development project, in West Africa.
The $710 million project award includes the provision of full EPCIC services of an Offshore Processing Facility, as well as associated subsea infrastructure developments. The company says that for the contract scope and duration, it will be mobilising a full and dedicated Project Management Team.
“With this Project, Swiber will broaden its experience, knowledge base and skill sets to enhance our competitive standing in the offshore oil and gas industry, and pursue new areas of business opportunities in the growing West African market.”
Francis Wong, Group Chief Executive Officer and President of Swiber said, “The award of this Project in West Africa to Swiber represents a major leap forward for the Group. This not only marks the Group’s success in penetrating a new growth market, it also shows our relentless effort to raise our capabilities to move into higher-value EPCIC services.
“We are constantly looking for ways to raise our performance in delivering best-in-class solutions that will exceed our customers’ expectations. With this Project, Swiber will broaden its experience, knowledge base and skill sets to enhance our competitive standing in the offshore oil and gas industry, and pursue new areas of business opportunities in the growing West African market.
“For the year-to-date, Swiber has clinched contracts totaling to US$1.03 billion. This is a testament to Swiber’s reputation and commitment in delivering value to our clients in the offshore oil and gas industry, with our expertise, quality and professionalism.”
Swiber will start working on the Project from the first quarter of 2015 and expects completion to take place in the middle of 2017.