Swiber Nets US$ 435-million Offshore Contracts

Singapore's Swiber Holdings Limited, support services provider to the offshore oil & gas industry, announce they have clinched sizeable complex offshore construction contracts.

Contract wins comprise approximately US$330 million under the Swiber Group and approximately US$105 million under the Swiber Group joint venture company. These contracts will commence immediately and are expected to be completed by 2015.

Commented Mr. Francis Wong, Group Chief Executive Officer and President of Swiber, “The offshore segment remains exciting and this round of sizeable contract wins bear witness to the industry’s recognition of Swiber’s leading edge solutions. With our strong familiarity of this segment, established international networks and successful execution of complex offshore projects in regions such as Asia and Latin America, we have a clear competitive edge over our peers.”

“Swiber offers a wide range of offshore integrated solutions across the Asia Pacific, Latin America and the Middle East. With our unique strengths, the Group will continue to attract high-value work from international oil and gas majors in these regions. Geographical diversification will indeed continue to be the cornerstone of our growth path in the offshore oil and gas industry,” concluded Mr. Wong.

Swiber offers a wide range of offshore EPIC and marine support services across the Asia Pacific, Middle East, and Latin America regions.

www.swiber.com