Search results for: 'myanmar'

Agreement signed for $300M gas-fired power plant

Sembcorp Industries’ subsidiary Sembcorp Myingyan Power Company has signed a build-operate-transfer (BOT) agreement with the Ministry of Electricity and Energy of Myanmar (MOEE) for its $300M gas-fired power plant in Mandalay, Myanmar.

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

Singapore-based construction services provider Swiber Holdings has won three new contracts for projects with a combined value of $215M in the Middle East and Southeast Asia.The company secured an engineering, procurement, construction and installation (EPCI) contract from a European oil major to replace pipeline in Qatar — marking the group’s first offshore construction project in the Middle East. The engineering phase of the project has already started and is scheduled for completion in the third quarter of 2017.Swiber Holdings, as part of a consortium, will carry out EPCI of two wellhead platforms, associated pipelines and tie-ins for a project off the coast of Myanmar for a major Southeast Asian oil and gas company. The project begins immediately and is expected to be complete by the first quarter of 2018. The customer has the option to award an additional two wellhead platforms.Under the third contract, the company will be responsible for the provision of transport and installation services for a full field development project in the waters off Vietnam. The firm has recently commenced the task, which is targeted for completion in the third quarter of 2016.

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

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.”