Swiber wins $146.6-million offshore Brunei contract

Brunei Shell Petroleum Co. Sdn. Bhd. has awarded a $146.6-million contract to Swiber Holdings Ltd. subsidiary Apecs Offshore Pte. Ltd. for offshore engineering, procurement, construction, installation, and commissioning (EPCIC) projects in 2007 and 2008.

Offshore staff

SINGAPORE -- Brunei Shell Petroleum Co. Sdn. Bhd. has awarded a $146.6-million contract to Swiber Holdings Ltd. subsidiary Apecs Offshore Pte. Ltd. for offshore engineering, procurement, construction, installation, and commissioning (EPCIC) projects in 2007 and 2008.

Apecs Offshore Pte. Ltd. will carry out in-house engineering and project management, as well as transportation and installation of offshore facilities, including platforms, pipelines, and subsea cables on three major projects.

The scope of the pipeline replacement project also includes fabrication of lines at Brunei Shell's yard at Telisai, towing them to the site, and carrying out installation.

The contract also comes with an option for additional work in 2009 and 2010, which will be part of the ongoing major project developments by Brunei Shell, says Raymond Goh, Swiber executive chairman and managing director.

2/16/2007

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