Strong Prospects



Opportunities in the Offshore World

The continued strong growth of the offshore oil and gas sector puts Swiber in a strategic position as these markets retain ever higher levels of operating expenditure. The rapid technological advances that focus on cost-cutting technology and commercial innovations are an incessant challenge to oil companies and their contractors. Furthermore, offshore gas has a considerable set of opportunities related to the advent of new gas production and conversion technologies - paving the way for new explorations.

Growing Offshore Construction Trends

The demand for Swiber EPCIC services is driven by capital expenditures of offshore operators. The current deepwater facilities and facility expenditure, valued annually at $3 billion, will continue its trend for the coming five years. The $6 billion fixed platform market will remain to be a significant player - with much of its expenditure relating to local fabrication. For the next five years, the pipeline expenditure is predicted to be higher than the previous five - with a more diverse make-up of projects and a more varied geographical split.