Finance & Investing
News Services
Newsletters
Get free industry updates via email.
Daily News
Weekly News
Equipment Updates
Weekly Job Register
Monthly Event Guide
Our privacy
pledge.


advertisement

Swiber Wins Contracts Worth $435M

change text size

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

These contracts comprised $330 million won by Swiber, while its joint venture company bagged $105 million. Work on the contracts will commence immediately and are scheduled for completion by 2015.

“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,” Francis Wong, Group CEO and president of Swiber said in a company release.

Swiber reported in February that its first offshore contract wins for 2013, which involve the transportation and installation of pipelines and offshore structures in Southeast Asia, were valued at $153 million.



Have a news tip? Share it with Rigzone!
Email news@rigzone.com

WHAT DO YOU THINK?

Post a Comment Generated by readers, the comments included herein do not reflect the views and opinions of Rigzone. All comments are subject to editorial review. Off-topic, inappropriate or insulting comments will be removed.

Related Companies

More from this Author
Rigzone Staff
e-mail us at news@rigzone.com
 -  GNRL Oil & Gas Finds Oil at ND#1A Well... (Sep 23)
 -  Drilling at Gobi-1 Well in West Natuna... (Sep 23)
 -  Pertamina to Deploy New Rig to Drill a... (Sep 19)
 -  Pingvin Well Finds Gas in Barents Sea (Sep 19)
 -  GE Oil & Gas Wins Subsea Manifold Deal... (Sep 18)
Most Popular Articles
From the Career Center
Jobs that may interest you
Field Service Technician
Expertise: Field Service Tech, Maintenance Technician
Location: Dickinson, ND
 
Reservoir Engineering Technician
Expertise: Reservoir Engineering
Location: State College, PA
 
Experienced Rock - Drill Mining Mechanic
Expertise: Field Service Tech, Mechanic, Rig Mechanic
Location: Elko, NV
 
search for more jobs