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Swiber clinches five contract wins worth $300m

Published on Feb 3, 2014 9:56 AM

Swiber Holdings, which provides integrated construction and support services to the offshore oil and gas industry, has kicked off the new year by securing five contracts worth about US$235 million (S$300 million) in all.

The Singapore-listed company said on Monday that three of the contracts, totalling about US$145 million, are for work to be done in Latin America and South-east Asia.

The other two contracts were awarded to Swiber's associate company and joint venture company for services to be performed in South-east Asia.

Work on the contracts will start immediately and are expected to be completed in the next two years, Swiber said.

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