Swiber Holdings Limited , a world class integrated construction and support services provider to the offshore oil and gas industry , today announced its first series of contract wins just beginning of the new year. The Group has clinched five sizeable contract s totaling approximately US$ 235 million, the company said in its press release.
Three of these contract wins , which amounted to approximately US$145 million , were awarded to the Group for works that will be executed in Latin America and Southeast Asia . The remaining two contract wins, which aggregated to approximately US$90 million, were awarded to Swiber’s associate company and joint venture company, and are for services that will be executed in Southeast Asia. These contracts will commence immediately and are expected to be completed in next 2 years .
About Swiber Holdings Limited
Listed on November 8, 2006, Swiber is a world class integrated construct i on and support services provider to the offshore oil and gas industry, offering a wide range of offshore EPIC and marine support services across the Asia Pacific, Middle East, and Latin America regions. Since its foundation in 1996, Swiber has been dedicated to building the company into a leader in the offshore oil and gas industry. Today, Swiber is a public - listed company on the Singapore Stock Exchange with an eminent posi tion among global offshore oil and gas engineering and construction organisations. With an extensive and growing operating fleet of 61 vessels, comprising 46 offshore vessels and 15 construction vessels, and more than 2800 employees in over 40 different na tionalities in strategically located offices in the region, the Swiber name is synonymous with excellence, safety, innovation and value among its customers. In September 2008, Swiber was featured on Forbes Asia’s “Best under a Billion” list, an honour give n to the top 200 Asia - Pacific companies with consistent growth in both sales and profits over three years. Swiber continues to ascend the ranks of the nation’s “Top 100 Brands” in the Brand Finance’s Annual Report, ranking as one of the nation’s top 100 Brands in the Brand Finance’s Annual Report of “Singapore’s Intangible Assets and Brands” with AA - Brand Rating consecutively for 2010 to 2012. In 2012, Swiber has emerged a winner in Securities Investors Association (Singapore) ('SIAS')’s Singapore Corporat e Governance Award. All these reaffirm Swiber's rapid growth as an EPIC player that is well - positioned to capitalise on the upswings of the offshore oil and gas sphere.