Swiber Nets USD 710 Mln West African Contract

Swiber Holdings Limited has made its first foray into the offshore oil and gas market in West Africa by securing an 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 US$710 million 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 will be mobilizing a full and dedicated Project Management Team.

Swiber will start work on the Project from the first quarter of 2015 and expects completion to take place in the middle of 2017.