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Monday, 6 February 2012

Swiber Holdings secures contracts worth US$216m

SINGAPORE: Service support firm for the oil and gas industry Swiber Holdings said it has secured several contracts worth a total of about US$216 million since the start of the year.

These contracts are for offshore construction projects and vessel chartering services in Southeast Asia and South Asia.

In a statement to the Singapore Exchange, Swiber also said its Middle East joint venture has secured a contract amounting to over US$38 million for vessel chartering services in the Middle East.

The company added that these contracts have kept its healthy order backlog at over US$1.0 billion.

Swiber shares rose nearly 5 per cent to 65 cents with some 8.5 million shares changing hands in morning trade.

- CNA/cc

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