Swiber Clinches Offshore Contracts Worth $435 Million

Swiber Holdings Limited, a Singapore-based construction and support services provider to the offshore oil and gas industry, today announced that it has clinched sizeable contracts worth approximately US$435 million.

Contract wins comprise of approximately US$330 million under the Swiber Group and approximately US$105 million under Swiber Group joint venture company. These contracts will commence immediately and are expected to be completed by 2015.

Francis Wong, Group Chief Executive Officer and President of Swiber said, “The offshore segment remains exciting and this round of sizeable contract wins bear witness to the industry’s recognition of Swiber’s leading edge solutions. With our strong familiarity of this segment, established international networks and successful execution of complex offshore projects in regions such as Asia and Latin America, we have a clear competitive edge over our peers.”

 

Press Release, July 29, 2013

 

 

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