Swiber enters West African market with US$710m deal
Singapore
SWIBER Holdings has broken into the lucrative West African oil market through a field development award, the group announced on Monday.
The offshore construction and support services provider to the oil and gas industry secured a US$710 million award from a Houston-based oil and gas company to provide engineering, procurement, construction, installation and commissioning (EPCIC) services for an offshore field development project. The project award includes the provision of full EPCIC services of an offshore processing facility, as well as associated subsea infrastructure developments. For the contract scope and duration, Swiber said it will be mobilising a full and dedicated project management team.
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Companies & Markets
Kraft Heinz misses sales estimates as higher prices deter customers
Marriott boosts full-year profit view after mixed Q1 results
J&J advances US$6.48 billion settlement of talc cancer lawsuits
US holds quarterly debt sale steady, starts buybacks this month
US dollar nears six-month high after pre-Fed data shock, yen steady
KFC parent Yum reports surprise drop in global same-store sales on weak demand