Swiber Holdings, the provider of offshore offshore engineering and marine support services for the oil and gas industry, says that it has signed a Letter of Award with a Myanmar oil and gas company for a contract worth US$77 million ($106.5 million).
Under the deal, Swiber will install gas pipelines totalling 150km in length. The six-month project is expected to start in the 1st quarter of 2010 with the date of completion targeted for the 2nd quarter of 2010. Preparation work will begin in December.