Swiber secures new projects in Qatar and Southeast Asia

Swiber Holdings Limited, a global offshore construction services provider to the oil and gas industry, has recently secured three new contracts for projects with a total value of USD 215M in the Middle East and Southeast Asia regions.

Swiber was awarded an EPCI (“Engineering, Procurement, Construction and Installation”) contract from a European oil major to perform pipeline replacement work in Qatar, marking the Group’s first offshore construction project in the Middle East. The Group has commenced the engineering phase of this project which is scheduled for completion in the third quarter of 2017.

Mr Darren Yeo, Deputy Group CEO of Swiber, said, “Despite the ongoing oil market volatility and challenging conditions in the offshore oil and gas industry, Swiber continues to demonstrate our ability to successfully secure new projects. In fact, one of these new projects represents an important breakthrough for Swiber into the lucrative Middle East market. This job is for a repeat customer with whom we have worked closely on numerous projects across the globe. It is a testament of our proven experience and execution capabilities that the customer is once again entrusting Swiber with this project in Qatar.”

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