Kreuz takes Southeast Asia subsea installation contracts

Kreuz Holdings Ltd. (SGX:5RK) has won a $15.5-million subsea installation contract from two clients for work offshore Southeast Asia.

Offshore staff

SINGAPORE –Kreuz Holdings Ltd. (SGX:5RK) has won a $15.5-million subsea installation contract from two clients for work offshore Southeast Asia.

The $10-million portion is for a project that starts immediately with completion scheduled for 1Q 2013.

The $5-million portion is from the Swiber Group for unspecified work.

1/11/2013

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