Singapore-based offshore construction and support services firm Swiber Holdings has made its first foray into the offshore oil and gas market in West Africa.
The firm has secured 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.
Francis Wong, Group CEO and President of Swiber, said: “The award of this Project in West Africa to Swiber represents a major leap forward for the Group. This not only marks the Group’s success in penetrating a new growth market, it also shows our relentless effort to raise our capabilities to move into higher-value EPCIC services.
“With this Project, Swiber will broaden its experience, knowledge base and skill sets to enhance our competitive standing in the offshore oil and gas industry, and pursue new areas of business opportunities in the growing West African market.
“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.”
Subscribe
