Swiber clinches $422.1m contract from South Asian national oil company
This is the second-largest contract in the group’s history.
Swiber Holdings has secured a $422.1m (US$310m) contract from a national oil company in South Asia, the second largest contract win in the group’s corporate history.
The contract involves engineering, procurement, construction, installation and commissioning (EPCIC) services for 8 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.