Swiber Holdings has completed a multi-million dollar platform and subsea pipeline installation project in South America.
The platform is considered to be the world’s southernmost platform project.
The project was awarded in September 2013 by an oil and gas company in South America. The scope of work included the jacket and topside installation of a wellhead platform and its 24” and 4” pipelines of 70 km each, as well as transportation and installation of the platform and two subsea pipelines.
The offshore platform structures and line pipes for the project were transported from Spain and France respectively by cargo barges on a dry tow vessel and by bulk carriers.
Meanwhile, the group has been securing new contracts. As at Nov 13, 2015, its order book stood at a record US$1.5 billion ($2.1 billion).
Shares in Swiber ended 1.05% lower at 18.8 cents on Wednesday.
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The platform is considered to be the world’s southernmost platform project.
The project was awarded in September 2013 by an oil and gas company in South America. The scope of work included the jacket and topside installation of a wellhead platform and its 24” and 4” pipelines of 70 km each, as well as transportation and installation of the platform and two subsea pipelines.
The offshore platform structures and line pipes for the project were transported from Spain and France respectively by cargo barges on a dry tow vessel and by bulk carriers.
Meanwhile, the group has been securing new contracts. As at Nov 13, 2015, its order book stood at a record US$1.5 billion ($2.1 billion).
Shares in Swiber ended 1.05% lower at 18.8 cents on Wednesday.
Click Here To Register For Free Trial Services OR Give A Missed Call : +6531581402 Follow Us On Twitter : www.twitter.com/epicresearchsg Like Us On Facebook : www.facebook.com/EpicResearchSingapore Need Any Assistance Feel Free To Mail Us at : info@epicresearch.sg
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