Swiber clinches $549.9m in new deals
Offshore oil and gas construction and services provider Swiber Group has won new contracts worth US$435 million (S$549.9 million).
These comprise US$330 million of deals won by the Swiber Group and another US$105 million under a Swiber Group joint venture company, the group said in a statement before the market opened on Monday.
The contracts will start immediately and are expected to be completed by 2015.
"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," said Mr Francis Wong, group chief executive officer and president of Swiber.