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Swiber flags deferment of US$710m contract

Client, believed to be RoyalGate Energy, proceeding with development project off West Africa but expects delay

Published Fri, Jul 8, 2016 · 09:50 PM
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Singapore

SINGAPORE-listed offshore and marine (O&M) contracting group Swiber Holdings acknowledged, before stock trading began on Friday, that the delivery of a US$710 million contract for an offshore development project off West Africa has been deferred.

The client is proceeding with the project but expects it to be delayed, Swiber said in a Singapore Exchange (SGX) announcemen…

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