Swiber awarded $35 million offshore contract
Thursday, February 14 2008 - 04:23 PM WIB
Singapore offshore EPC contractor Swiber Holdings Limited announced Thursday that its subsidiary PT.Swiber Berjaya has received a US$35 million letter of intent (LoI) for the transportation and installation of three pipelines totaling 84 kilometers in the waters off Indonesian archipelago.
The project, which is targeted to start second quarter of this year with completion seen in the fourth quarter this year, is for a major international oil conglomerate based in Indonesia, said the company without disclosing further detail.
According to Swiber, the latest LoI is an extension of a US$31 million contract awarded to the company in November 2007 to install a platform. (alex)