Swiber, the Singapore-based offshore contractor announced today the winning of a USD $80 million Engineering, Procurement, Installation and Construction (EPIC) contract offshore in Latin America for subsea development work including pipeline tie-in.
The client or further specifics about the project were not disclosed. The project will commence immediately and is expected to complete in 2015.
Swiber highlighted growing opportunities offshore Latin America, in particular the recent push to dismantle abandoned oil and gas infrastructure in the Gulf of Mexico which has created a new US$2.5 billion market for offshore contractors.
Sign up for gCaptain’s newsletter and never miss an update
Essential maritime and offshore news, insights, and updates delivered daily straight to your inbox
The Department of the Interior has initiated the development of the 11th National Outer Continental Shelf (OCS) Oil and Gas Leasing Program, marking a significant shift in U.S. offshore energy...
ADEN/WASHINGTON, April 17 (Reuters) – U.S. strikes on Yemen’s Ras Isa fuel terminal on the Red Sea coast have killed at least 74 people in the deadliest attack since the U.S. started its...
The US attacked a key Yemen oil port controlled by the Houthis overnight and killed dozens of people, according to the Iran-backed militants, raising the specter of a widening conflict in the Middle East.
Subscribe to gCaptain Daily and stay informed with the latest global maritime and offshore news
Stay informed with the latest maritime and offshore news, delivered daily straight to your inbox
Essential news coupled with the finest maritime content sourced from across the globe.
Sign Up
Join The Club
