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2012 July 30   11:30

Kreuz Holdings wins $13m subsea contract

Subsea solutions provider Kreuz Holdings won a contract worth some $13m from an offshore oil and gas company to provide subsea installation services in Southeast Asia, Seatrade Asia online reports.

The work is scheduled to start in the third quarter of 2012 for a duration of approximately three months, with option for further extension.

“We are pleased to win this third-party Southeast Asian project with our recently acquired construction class diving support vessel,” said Kurush Contractor, executive director and ceo of Kreuz.

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