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Friday, 12 August 2011

Swiber scores a hat-trick

Singapore-based supply vessel player Swiber Holdings said Friday it has landed three new contracts worth $82 million.


Upstream staff 12 August 2011 12:58 GMT

Swiber did not give specific contract details but said the projects were for Southeast Asian oil companies and include pipeline installation work, mobilisation of marine vessels, equipment, and personnel.

All three projects will start straight away with completion targeted for the second quarter of next year.

To date, Swiber has secured new contracts totalling $377 million this year.

The company also announced today that second quarter net income had risen 13 % to $14.3 million compared to $12.6 million in the same period last year.



Posted by Createwealth8888 at 21:17
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