Swiber secures US$133 million contract
Swiber Holdings Limited has secured a US$133 million contract, the third major award in India in the last three months, for Engineering, Procurement, Installation and Construction (EPIC) services in India, the company said in its press release.
The project by the same national oil company which awarded Swiber two major contracts in February and March, involves surveys (pre - engineering, pre - construction/pre - insta llation and post - installation) design, engineering, procurement, fabrication, installation, and commissioning of six pipelines totaling to 60km , connecting it to existing pipelines, modification and repair of platforms and jackets.
This fast track project is scheduled for completion by second quarter of 2016. With the latest contract , the Group’s order book stands at close to US$2 billion including US$435.6 million new contracts announced last month, a US$710 million offshore field development project in West Africa last December and a US$310 million contract from the same client in February.
Swiber is a leading global provider of integrated offshore construction and support services to the oil and gas industry. It owns a young and modern fleet of 13 construction vessels supported by its in - house offshore support vessels. As it is already working on eight new platforms and associated pipelines in the same part of India for the same client , it will be able to deploy its vessels and streamline its processes more efficiently. Swiber has some 10 years of experience working in the Indian market and seven yea rs with the same client. Its order book of close to US$ 2 billion year to - date is a new record for the Group.
