Swiber Holidngs News

Swiber Wins Big Latin America EPIC Contract

Construction & support services provider to the offshore oil and gas industry, Singapore's Swiber Holidngs, says it has won an Engineering, Procurement, Installation and Construction (“EPIC”) contract in Latin America for subsea development work including pipeline tie-in work, with an aggregate value of US$80-million. The project will commence immediately and is expected to complete in 2015. Commented Mr. Francis Wong, Group Chief Executive Officer and President of Swiber, “We are pleased with this project win as it is testament to Swiber’s ability to successfully develop and grow in regions where we are expanding into as part of our strategic long term goals.