Singapore Stock Market News
Idea Of The Day - Swiber Holdings
StockFanatic
Publish date: Thu, 26 Mar 2015, 12:00 PM
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Swiber Holdings (15 cents, up 0.3 cent) has clinched a series of new contracts worth US$406 million, including its latest US$333 million contract for Engineering, Procurement, Installation and Construction (EPIC) services in India.
The contract in India is the second awarded to Swiber by the same national oil company in just over a month. The project, to commence immediately, involves transportation and installation of submarine pipelines and engineering works and modification of existing facilities. Phase 1 is expected to be completed by the second quarter of 2016 and Phase II, the second quarter of 2017.
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