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Swiber buys US$10m pipelay vessel

Sea Horizon, a seasoned shallow-water barge, is to be mobilised as part of an 82-strong fleet for work off India

Swiber has completed, in September, the float-over installation of a central processing platform topsides atop a jacket it has installed in Petronas-operated NC3 field development in Block SK316 off Sarawak.


SWIBER Holdings announced on Tuesday the US$10 million purchase of a seasoned shallow-water pipelay vessel, Sea Horizon, confirming a BT report in October.

The company's deputy chief executive, Darren Yeo, had told BT that the vessel, bought at a court auction, would be