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Wednesday, 6 June 2012

SWIBER CLINCHES A SERIES OF SIGNIFICANT AWARDS IN ASIA PACIFIC AND THE MIDDLE EAST TOTALING TO OVER US$830 MILLION

  1. Total award of US$830 million for offshore construction projects and vessel chartering services, inclusive of optional items, in Asia Pacific and the Middle East (through JV partner)
  2. Strong orderbook visibility signaling strong momentum in the offshore oil and gas industry
announced that it has clinched a series of significant awards totaling to over US$830 million. These awards include offshore construction projects and vessel chartering services in the Asia Pacific region. In addition, it has received a letter of award (“LOA”) through its JV Company to charter out a spread of support vessels in the Middle East.

Swiber’s contract wins in the Asia Pacific region include projects for engineering, procurement, and installation of pipelines, umbilicals, and subsea systems; and transportation and installation of wellhead structures and associated pipelines. In addition, the Group will provide vessel
chartering services in the region. Work for these projects will commence immediately this year and will carry on into 2014.

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