Thursday, March 10, 2011

Swiber secures $159m contract

Swiber Holdings, the integrated construction and support services provider to the offshore industry, today says it has won a contract from a leading oil and gas operator in South Asia worth US$125 million ($159 million).

The scope of work comprises engineering, procurement, transportation and installation of several pipelines in South Asia including platform modifications. The offshore work will commence in 4Q2011 and is expected to be completed by 2Q2012.

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