Swiber wins USD133m contract for Indian national oil company

This is the 3rd contract by the same NOC.

Swiber continues to add to its orderbook which is already at USD2b.

According to a report by RHB Group, Swiber secured an USD133m contract for engineering, procurement, installation and construction (EPIC) services in India for a national oil company (NOC).

This is the third contract by the same NOC for the design, engineering and fabrication of six pipelines totaling 60km. This fast track project is scheduled for completion by 2Q16.

RHB adds that Swiber's orderbook stands at USD2bn which includes USD435.6m new projects announced last month, an USD710m offshore development project in West Africa and an USD310m contract from the same client in February.