Swiber disputes Vietnam project termination

Offshore construction services provider, Swiber Holdings, is disputing a termination of a contract worth $21 million, offshore Vietnam.

To remind, Swiber informed it won the contractfor the provision of transport and installation services for a full field development project in the waters off Vietnam in June 2016. However, Swiber did not reveal the name of the client nor the name of the project.

At the time of the announcement in June, Swiber said the company had already started working on the job with completion set for the third quarter of this year.

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