Swiber bags US $ 77 million contract
New Delhi (Mizzima) - Singapore’s Swiber Holdings Ltd. has bagged its first offshore pipeline installation contract in Burma.
In a press release on Thursday, Swiber said it has been awarded a US$ 77 million Letter of Award (LoA) for laying 150-kilometres (93 miles) of subsea gas pipelines by the state-owned Myanmar Oil and Gas Enterprise (MOGE).
“The six-month project is expected to commence in the 1st quarter of 2010 with the date of completion targeted for the 2nd quarter of 2010,” the press release said.
Preparatory work for the project will begin in December 2009, Swiber said.
Swiber Holdings provides offshore engineering, procurement, construction, installation and commissioning (EPCIC) services, offshore marine support services, as well as shipbuilding and repair.
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