SINGAPORE -- Vietsovpetro has awarded Swiber Offshore Construction Pte. Ltd. a letter of intent to transport and install offshore facilities in the Gulf of Thailand. It is the company's first project in Vietnam.
The contract totals approximately $50 million per year, for a five year period.
Swiber will provide project management and also engineer, transport, and install two pipelines and pipe line end manifold (PLEM), including tie-in and pre-commissioning.