Swiber Lands Offshore Installation Contracts Worth $153 Mln

Swiber Lands Offshore Installation Contracts Worth $135 Mln

 Swiber Holdings Limited , a Singapore-based construction and support services provider to the offshore industry, announced that it has been awarded contracts worth approximately US$153 million.

The contracts, which mark the first wins in 2013, largely entail transportation and installation of pipelines and offshore structures in Southeast Asia. Work for these contracts are expected to commence immediately with expected completion by 2013.

Francis Wong, Group Chief Executive Officer and President of Swiber said, “Over the years, Swiber has established a proven track record in executing challenging offshore construction projects that require precise execution and timely delivery. Swiber continues to raise this torch high, winning these contracts worth US$153 million from existing and new clients.”

Offshore Energy Today Staff , February 27, 2013