Swiber clinches $31m installation works

Singapore-based integrated offshore EPCIC contractor and provider of marine support vessels Swiber Holdings Limited announced on Wednesday its subsidiary, PT. Swiber Berjaya, has clinched a US$31.0 million LOI for some platform installation works in the waters off the archipelago.

The project, which is targeted to commence from April 2008 till August 2008, is for a major international oil conglomerate based in Indonesia, the company said. (alex)