Kreuz Holdings Limited wins contracts worth US$142m

Part of it is from the Swiber Group for subsea installation works.

Kreuz Holdings Limited announced it has secured a string of contracts worth approximately US$142 million from the Swiber Group for subsea installation works, and a third-party client for the provision of Remotely Operated Vehicle services.

The services, which are to be performed largely in Southeast Asia, are scheduled to commence in the third quarter of 2012 with completion expected in the fourth quarter of 2013.

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