Swiber Holdings, the integrated construction and support services provider to the offshore industry, announced today that its order book has surged close to US$1 billion ($1.3 billion), the highest in the group’s corporate history, after securing its single largest contract win this year worth US$155 million for an EPIC pipeline project in South Asia.
This repeat order win from a major oil company in South Asia reflects Swiber’s strong position in meeting stringent customer requirements among oil majors and the robust capex investment in the oil and gas industry on the back of resilient oil prices. The latest EPIC pipeline project is scheduled to commence in 4QFY2012 and targeted to complete in 2QFY2013.
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