New contract win for Swiber offshore Indonesia

Contracts, Tenders and Rates - June 7, 2012

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Swiber Holdings Limited,through its Indonesian joint venture company, PT Rajawali Swiber Cakrawala, has been awarded a contract amounting to approximately US$175 million by an oil major for offshore engineering, procurement, construction and installationworks in Indonesia, following a successful bid made jointly with consortium partner, PT SMOE Indonesia.

The contract win entails offshore EPCI works for platforms, pipelines, and existing facilities in Indonesia.

The execution of this project will commence immediately this year and is expected to be completed in 2014.

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