Swiber to install subsea pipeline in Latin America

Offshore staff

SINGAPORESwiber Holdings Ltd. has received an $80-million letter of intent to install pipelines and supporting structures offshore Latin America for an unnamed company.

The contract calls for Swiber to install monobuoys, pipeline end manifolds, and a subsea pipeline.

“Latin America has one of the largest reserves of crude oil in the world and holds exciting potential for the oil and gas industry,” said Darren Yeo, Swiber’s deputy group CEO. “We look forward to commencing the project.”

08/04/2015

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