Kreuz Holdings, the subsea service provider for the oil and gas industry, says it has secured subsea installation contracts worth US$4.8 million ($5.9 million) with a leading offshore company in the oil and gas business located in East Asia.
Work is expected to commence in Q2 2011 and to be completed by Q3 2011.
In addition to the above contract wins from the third party, Kreuz has secured the subsea portion of the installation works from Swiber worth approximately US$20 million. These projects are located in Southeast Asia and South Asia. Work is expected to commence between Q2 2011 and Q4 2011 and to be completed by Q2 2012.
Monday, April 25, 2011
Kreuz Holdings secures $30.6m in contracts
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment