Swiber Holdings, a global provider of integrated offshore construction and support services to the oil and gas industry, secured its second largest contract win in the group’s corporate history with an engineering, procurement, construction, installation and commissioning (EPCIC) contract worth approximately USD 310M from a national oil company in South Asia.
The project involves a full suite of EPCIC services for eight new platforms and associated pipelines required for the development of a new offshore gas field located in South Asia. The engineering work will commence immediately with overall project completion targeted in March 2017. For this project, Swiber will be utilising its in-house state-of-the art construction and support vessels and its highly skilled and experienced Project Management Team.
With this new contract, Swiber’s order book will rise to approximately USD 1.6B – a new record high for the Group. Francis Wong, group CEO and president of Swiber, said, “This new contract is awarded by the national oil company for which we had previously completed a floatover platform installation project. This is a testament to the customer’s trust in Swiber’s capabilities. The new project will provide us with an opportunity to deepen our relationship. With our experience and expertise in EPCIC services, we are confident of executing another successful project for the customer.”
