Swiber, a global provider of integrated offshore construction and support services to the oil and gas industry, has been awarded $310m engineering, procurement, construction, installation and commissioning (EPCIC) contract from a national oil company in South Asia.

oil and gas field

Under the contract, Swiber will provide full suite of EPCIC services for eight new platforms and associated pipelines required for the development of a new offshore gas field located in South Asia.

With engineering work planned to begin immediately, the project is scheduled to be completed in March 2017.

Swiber president and group chief executive officer Francis Wong said: "This new contract is awarded by the national oil company for which we had previously completed a floatover platform installation project.

"The new project will provide us with an opportunity to deepen our relationship. With our experience and expertise in EPCIC services, we are confident of executing another successful project for the customer."

The new contract will contribute to the earnings per share for the company in the current financial year ending 31 December 2015.

Wong said: "As an established provider of EPCIC services for shallow water oil and gas field development, we believe that Swiber occupies a space in the offshore service value chain that will be less susceptible to spending cuts by the oil & gas companies."

Image: Swiber to work on new offshore gas field located in South Asia. Photo: courtesy of Swiber Holdings Limited.