NuCoastal hires Swiber to construct SPM

NuCoastal (Thailand) Ltd. has awarded Swiber Holdings Ltd. a contract to engineer, procure, supply, and construct a single-point mooring (SPM) calm buoy.

Offshore staff

SINGAPORE -- NuCoastal (Thailand) Ltd. has awarded Swiber Holdings Ltd. a contract to engineer, procure, supply, and construct a single-point mooring (SPM) calm buoy. The contract is valued at about S$7.8 million ($4.7 million).

The buoy, targeted for delivery in 4Q 2008, will be constructed at the yard of Swiber's wholly owned subsidiary, Kreuz Shipbuilding & Engineering Pte Ltd.

Upon completion, the buoy will be used by NuCoastal at its Songkhla field in Thailand as a permanent mooring system for a 30,000 dwt FSO vessel.

04/30/2008

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