Swiber Wins Huge SE Asia 2013 Contracts

Press Release
Friday, March 01, 2013

Singapore's Swiber Holdings has been awarded subsea contracts in SE Asia worth approximately US$153-million.

The contracts, with oil industry majors, 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.

Commented Mr. Francis Wong, Group Chief Executive Officer and President of Swiber:

"The fast growing economies in Southeast Asia continues to drive energy demand, leading to a surge in offshore construction activities such as the construction and decommissioning of offshore pipelines."

"According to a market report by Infield Systems, the unprecedented demand for hydrocarbons is forcing national oil companies to increase their investment in pipelines in order to expand the network of connected shallow water gas platforms. Malaysia's National Oil Company, Petronas, for example, is expected to invest more than US$2.9 billion in pipelines and control lines for shallow water projects, such as, the Kebabangan and Bergading area gas fields. Infield estimates that more than 89,000 kilometres of pipelines and control lines will be installed during the 2012-2016 forecast period, out of which 42% of the total anticipated investment is expected to be directed towards projects in Europe and Asia."

"Swiber has a deep knowledge and wealthy experience of offshore work in Asia and we continue to be bullish about the region. Since 2012, Swiber has secured contracts worth over US$1.8 billion, with a significant portion to be carried out in Asia. In 2013, Swiber will continue to strategically bid for work in Southeast Asia in addition to other strategic regions such as South Asia, Latin America and the Middle East.”


Contracts

C-Job Designs Flettner Freighter for Switijnk

The Dutch shipping company family Switijnk has contracted C-Job Naval Architects to develop a Rotor Sail-equipped design to meet their specific loading and sailing profile.

Yangzijiang Shipbuilding to Slash 2,000 More Jobs

Chinese shipbuilder Yangzijiang Shipbuilding Holdings Ltd said it plans to cut 2,000 additional jobs, just under 10 percent of its current workforce, stepping up

Australia Warns DCNS after Security Breach

Australian defence officials warned French naval contractor DCNS to beef up security in Australia, where it is preparing to build a A$50 billion ($38.13 billion) fleet of submarines,

Offshore Energy

Heavy Lifting: Giant Pipe Racks Shipped for New FPSO

From Brazil to China and then back to Brazil, five pipe racks and three modules weighing a total of 1,871.51 metric tons and measuring 24,075 m³ will be transported

US Offshore Lease Sale Yields $18 Mln in High Bids

Today’s U.S. oil and gas Lease Sale 248 garnered $18,067,020 in high bids for 24 tracts covering 138,240 acres in the Western Gulf of Mexico Planning Area, announced

Canada May Ask Far-offshore Drillers to Pay Extra

Canada may ask oil companies to contribute to the hundreds of millions of dollars or more the country has to pay to an international body if they drill far offshore,

Underwater Engineering

Fugro, US Army Corps of Engineers Ink Mapping Deal

Fugro has been awarded a photogrammetric and LIDAR surveying and mapping contract by the U.S. Army Corps of Engineers, St. Louis District, Missouri. The agreement

 
 
Maritime Contracts Maritime Standards Naval Architecture Navigation Offshore Oil Pipelines Ship Electronics Ship Simulators Shipbuilding / Vessel Construction Winch
rss | archive | history | articles | privacy | contributors | top maritime news | about us | copyright | maritime magazines
maritime security news | shipbuilding news | maritime industry | shipping news | maritime reporting | workboats news | ship design | maritime business

Time taken: 0.0864 sec (12 req/sec)