SINGAPORE (XFN-ASIA) - Swiber Holdings Ltd said it has won a 146.6 mln usd contract from Brunei Shell Petroleum Company Sdn Bhd to provide offshore engineering, procurement, construction, installation and commission (EPCIC) services for three major projects in Brunei.
Under the agreement, Swiber will also provide project management, as well as transportation and installation of offshore facilities such as platforms, pipelines and sub-sea cables.
The installations are scheduled for 2007 to 2008.
Swiber said it expects to realize 70.5 mln usd from the project in 2007 and the remaining 76.1 mln usd in 2008.
(1 usd = 1.53 sgd)
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