Singapore-listed Swiber has secured a contract worth about US$100 million to provide engineering, procurement, installation and construction services for a National Oil Company (NOC) in South Asia.

This latest project, which includes pipelines and subsea installation works, starts immediately and is expected to be completed in the first half of 2017.

Swiber’s CEO and president Francis Wong, said: “We are pleased to have clinched yet another project for our long-time and valued client.

“Despite challenging market conditions, we believe that our strategy of establishing long-term relationships with our clients and our track record of completing our projects in a timely, cost efficient manner, have paid off.”