CUEL Swiber Offshore Thailand signs loan for Swiber-Chai

CUEL Swiber Offshore Thailand has signed a $58.2-million loan agreement with Siam Commercial Bank for the derrick lay barge Swiber-Chai.

Offshore staff

BANGKOK -- CUEL Swiber Offshore Thailand has signed a $58.2-million loan agreement with Siam Commercial Bank for the derrick lay barge Swiber-Chai. The 1,000-metric ton (1,102-ton) barge is currently under construction in China. It is scheduled to begin commercial operations in the Gulf of Thailand early next year.

09/01/2009

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