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Singapore Company Wins Contract for Burma Gas Deal


Singapore Company Wins Contract for Burma Gas Deal

Singapore Company Wins Contract for Burma Gas Deal

Swiber Holdings Limited announced in a statement Friday that an undisclosed Burmese oil company has agreed to pay the firm $77 million to lay 150 kilometers of gas pipelines.

A marine engineering company in Singapore has signed a multimillion dollar contract to lay pipeline off the shores of Burma next year.

Swiber Holdings Limited announced in a statement Friday that an undisclosed Burmese oil company has agreed to pay the firm $77 million to lay 150 kilometers of gas pipelines.

Swiber says preparations for the project will begin next month. The firm says its workers will start the project in the first quarter of 2010 and should complete the pipeline in six months.

Swiber's operating fleet includes 34 offshore vessels and 10 construction vessels. The company says it hopes to increase its fleet to 52 vessels by 2011.

Some information for this report was provided by AFP.

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