Swiber wins $710 million worth offshore field development award in West Africa

Swiber wins $710 million worth offshore field development award in West Africa

SINGAPORE -- Swiber Holdings 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 $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 mobilising a full and dedicated project management team.

Francis Wong, Group CEO and President of Swiber said, “For the year-to-date, Swiber has clinched contracts totaling to $1.03 billion. This is a testament to Swiber’s reputation and commitment in delivering value to our clients in the offshore oil and gas industry, with our expertise, quality and professionalism.”

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