Swiber front-runner for India turnkey job

Company said to have submitted lowest joint bid of US$218m for ONGC contract, beating runner-up by just US$2m


Singapore-listed Swiber Holdings has emerged as the front-runner for a contract with India's state-owned Oil & Natural Gas Corporation (ONGC) for the turnkey delivery of offshore structures tied to the US$435 million Neelam redevelopment project off India's west coast.

Swiber, in partnership with Indonesia-based Gunanusa Utama Fabricators, is said to have submitted the lowest bid of US$218 million for the contract. The bid price from the partners falls within the US$244 million budget ONGC...

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