Kreuz takes Southeast Asia subsea installation contracts

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.


Did You Like this Article? Get All the Energy Industry News Delivered to Your Inbox

Subscribe to an email newsletter today at no cost and receive the latest news and information.

 Subscribe Now


Maximizing Operational Excellence

In a recent survey conducted by PennEnergy Research, 70% of surveyed energy industry professional...

Leveraging the Power of Information in the Energy Industry

Information Governance is about more than compliance. It’s about using your information to drive ...

Reduce Engineering Project Complexity

Engineering document management presents unique and complex challenges. A solution based in Enter...

Revolutionizing Asset Management in the Electric Power Industry

With the arrival of the Industrial Internet of Things, data is growing and becoming more accessib...