Saturday, Apr 25, 2015Saturday, Apr 25, 2015

Swiber Holdings bags $100m Latin America contract

Published on Jun 2, 2014 10:06 AM

SINGAPORE - Swiber Holdings, which provides construction and support services to the offshore oil and gas industry, has won an US$80 million (S$100 million) contract for subsea development work in Latin America.

This brings the total value of contracts clinched by the Singapore-listed group to US$315 million so far this year, it said on Monday.

Work on the new project will start immediately and is expected to be completed next year.

"We believe that with the heightening of our marketing and business development efforts in Latin America, Swiber is steadily establishing foothold in the growing energy sector in Mexico," said Swiber's group chief executive and president Francis Wong.

Enjoy 2 weeks of unlimited digital access to The Straits Times. Get your free access now!