Singapore: Swiber Holdings has announced its third contract signed in India this year, the latest a $133m engineering, procurement, installation and construction (EPIC) deal.
The new project is schedule for completion by the second quarter of 2016, and involves surveys design, engineering, procurement, fabrication, installation, and commissioning of six pipelines totalling 60km, connecting it to existing pipelines, modification and repair of platforms and jackets.
The new contract was awarded by the same national oil company who awarded Swiber a $310m EPCIC contract in February, and a $333m EPIC contract in March.
Francis Wong, Swiber’s ceo and president commenting on the latest award, said : “To have the same client come back to us repeatedly demonstrates Swiber’s understanding of our client and the market, and our ability to bring the Group’s resources to bear to meet our client’s needs.”
Swiber’s order book now stands at around $2bn.