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Swiber bags $435m worth of contracts

Swiber bags $435m worth of contracts
Swiber Holdings has unveiled contract wins of about $435m for its integrated construction and support services to the offshore oil and gas industry.

The contract wins comprise $330m under the Swiber Group and $105m under Swiber Group joint venture company.

The contracts will start immediately and are expected to be completed by 2015.

“The offshore segment remains exciting and this round of sizable contract wins bear witness to the industry's recognition of Swiber's leading edge solutions,” said Francis Wong, group ceo and president of Swiber.

Swiber did not reveal the job details of the contracts.

TAGS: Offshore