Swiber's orderbook swelled to $752m after it clinched four offshore services contracts worth a total of $112m, Seatrade Asia online reports.Swiber on Monday secured a $30m contract from a South Asian oil major to perform platform installation services in the region.
Last Friday, the company won three contracts totalling $82m from three Southeast Asian oil majors to perform pipeline installation services in the region, including mobilisation of the requisite marine vessels, equipment and personnel.
All projects are scheduled to be completed by the second-quarter of 2012.
“Despite the volatility in the global financial markets, we have seen our order momentum accelerated, as oil companies continue to invest in capex. We believe that this trend will persist given the structural growth in demand for energy in Asia,” said Francis Wong, group ceo and president of Swiber.
Meanwhile, the Singapore-listed firm recorded a first-half net profit of $24.5m, up 9.4% compared to the same period a year ago. This was on the back of a 73.1% rise in revenue to $331.2m over the same period.
Last Friday, the company won three contracts totalling $82m from three Southeast Asian oil majors to perform pipeline installation services in the region, including mobilisation of the requisite marine vessels, equipment and personnel.
All projects are scheduled to be completed by the second-quarter of 2012.
“Despite the volatility in the global financial markets, we have seen our order momentum accelerated, as oil companies continue to invest in capex. We believe that this trend will persist given the structural growth in demand for energy in Asia,” said Francis Wong, group ceo and president of Swiber.
Meanwhile, the Singapore-listed firm recorded a first-half net profit of $24.5m, up 9.4% compared to the same period a year ago. This was on the back of a 73.1% rise in revenue to $331.2m over the same period.