Swiber secures US$215 million projects in Qatar and Southeast Asia
Swiber has secured three new contracts for projects with a total value of US$215 million in the Middle East and Southeast Asia regions.
Swiber was awarded an engineering, procurement, construction and installation (EPCI) contract from a European oil company to perform pipeline replacement work in Qatar, marking the group’s first offshore construction project in the Middle East.
The group has commenced the engineering phase of this project which is scheduled for completion in the third quarter of 2017.
Swiber recently also won new contracts for a further two projects in Myanmar and Vietnam.
The group is presently bidding for projects with a combined value of US$3.4 billion, made up of US$1.65 billion for Africa and Europe, US$750 million for Latin America, US$550 million for Southeast Asia and South Asia and US$450 million for the Middle East.