Swiber Wins Siazable Offshore Contracts

Wednesday, November 14, 2012

Offshore construction & services provider Swiber wins SE Asia & Latin America contracts worth altogether about US$ 143-million.

The contracts comprise an approximate US$100 million contract for offshore construction work in Southeast Asia; and an approximate US$43 million contract for the charter of a construction vessel that will be deployed to Latin America this year. Work for the US$100 million contract is expected to commence in Q1 2013 with expected completion by Q3 2013. Work for the US$43 million contract win will begin this year, with an option to extend for the next two years.

Commented Mr. Francis Wong, Group Chief Executive Officer and President of Swiber, “These contract wins bear witness to the industry’s recognition of Swiber’s leading edge solutions for the exciting offshore segment.

Swiber’s experienced task force, young and modern fleet, and proven capabilities in the successful execution of complex offshore projects in the Asia Pacific and Latin America have given us a competitive edge over our peers. With our unique strengths, the Group will continue to attract high-value work from international oil and gas majors. Southeast Asia is an attractive region for offshore oil and gas development."

Swiber Holdings Limited is an integrated construction and support services provider to the offshore oil and gas industry, offering a wide range of offshore EPIC and marine support services across the Asia Pacific, Middle East, and Latin America regions.

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