Consortium lead by Swiber wins EPIC contract worth US$117.5 million
February 5, 2010
SINGAPORE — Swiber Holdings Limited today announced a Notice of Award from a leading oil and gas operator in South Asia worth approximately US$117.5 million awarded to Swiber and its consortium partner.
Consortium work comprises the full Engineering, Procurement, Construction, Installation and Commissioning scope of work for platforms and pipelines. The work will commence immediately and is scheduled to be completed by 2Q 2011. As consortium leader, Swiber will be managing the overall project.
Mr Raymond Goh, Executive Chairman and Group CEO of Swiber said, “This contract win comes just after our announcement of a US$188.8 million Notice of Award to Swiber and our consortium partner. We successfully secured this new contract in a closely contested bid. It has been a strong start in 2010, having secured these two contract wins in quick succession. The growing order book is an endorsement of our professional and technical capabilities to successfully execute projects for our clients.”
