Singapore: Offshore support firm Swiber Holdings has entered into the offshore oil and gas market in West Africa securing an award to provide Engineering, Procurement, Construction, Installation and Commissioning (EPCIC) services for an offshore field development project.
The $710 million project, awarded by a Houston-based oil and gas company, includes the provision of full EPCIC services of an offshore processing facility as well as associated subsea infrastructure developments.
Francis Wong, ceo and president of Swiber commented, “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.
Swiber will commence work from the first quarter of 2015 and expects completion mid-2017. Year-to-date, Swiber has clinched contracts totaling to $1.03 billion. [15/12/14]