Work for the contracts will start immediately this year and will carry on into 2014.
The offshore services provider also received a letter of award through its joint venture company to charter out a spread of support vessels in the Middle East. The charter contract is over a three-year period with an option for two more years.
“With our enlarged vessel fleet, we will have greater flexibility in resource planning. Above all, establishing a critical mass, both in terms of vessel fleet size as well as the range of supporting services, is essential, as we expand our presence in our existing markets and make inroads into new ones, riding on the rising demand in the oil and gas sector,” said Francis Wong, group ceo and president of Swiber.
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