Swiber wins new projects worth $215M in Middle East and Southeast Asia

WCN Editorial Team 8 Jun 2016 MIDDLE EAST ENERGY & UTILITIES

Swiber Holdings has won three new contracts for projects worth $215M in the Middle East and Southeast Asia.


Swiber, an offshore construction services provider to the oil and gas industry, has been awarded an engineering, procurement, construction and installation (EPCI) contract by a major oil company in Europe to replace pipeline in Qatar.

The Group has started on the engineering phase of the development, which is its first offshore construction project in the Middle East, and is set to be complete in the third quarter of 2017.

Recently, Swiber has also secured new contracts for two projects in Myanmar and Vietnam.

The company is participating in a consortium that will carry out EPCI of two wellhead platforms, associated pipelines and tie-ins for a project off the coast of Myanmar. The customer has options to award an additional two wellhead platforms.

Work on the project has already started and is anticipated to be complete by the first quarter of 2018.

The third contract involves the provision of transport and installation services for a full field development project in the waters of Vietnam. The company has just started work on the contract, which is scheduled to be completed in the third quarter of 2016.

Swiber’s deputy Group CEO Darren Yeo said: “Despite the ongoing oil market volatility and challenging conditions in the offshore oil and gas industry, Swiber continues to demonstrate our ability to successfully secure new projects. In fact, one of these new projects represents an important breakthrough for Swiber into the lucrative Middle East market.”

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