Offshore support services provider Swiber Holdings has on Wednesday secured contracts worth approximately $109m from oil majors for projects in Southeast Asia, Seatrade Asia online reports. The contracts comprise of executing offshore construction projects, chartering of offshore construction and support vessels and executing of subsea and related projects in Indonesia, Malaysia, Thailand and Vietnam. All works will be carried out between the second-quarter of 2011 to the third-quarter of 2012. “Offshore industry outlook has continued to improve amidst strong crude oil prices globally, and we expect the momentum of offshore activities to continue,” said Francis Wong, group ceo and president of Swiber. As of to-date the Singapore-listed firm has secured new contracts totalling $295m in 2011.
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