Swiber Holdings Limited, a leading global provider of integrated offshore construction and support services to the oil and gas industry, has secured its second largest contract win in the Group’s corporate history - an Engineering, Procurement, Construction, Installation and Commissioning (“EPCIC”) contract worth approximately US$ 310 million from a national oil company in South Asia, the company said in its press release.
The project inv olves a full suite of EPCIC services for 8 new platforms and associated pipelines required for the development of a new offshore gas field located in South Asia. The engineering work will commence immediately with overall project completion targeted in March 2017 . For this project, Swiber will be utilising its in - house state - of - the art construction and support vessels and its highly skilled and experienced Project Management Team.
Despite the prevailing headwinds caused by the decline in oil prices, Swiber has continued to successfully secure new projects. In December 2014, the Group was awarded its largest contract win - a US$710 million EPCIC project in West Africa.
Swiber Holdings Limited Co
Swiber is a leading global offshore construction services provider to the oil and gas industry, offering a wide range of Engineering, Procurement, Installation, and Construction (“EPIC”) services complemented by its in - house marine support and engineering capabilities, across the Asia Pacific, Middle East, and Latin America regions. Swiber is now recognized among global offshore oil and gas engineering and construction organisations. It currently owns an operating fleet of 81 vessels, comprising of 13 construction vessels and 68 offshore vessels, with more than 2500 employees in over 40 different nationalities. Headquartered in Singapore, Swiber has offices in Brunei, India, Indonesia, Malaysia, Mexico, Myanmar and Vietnam.