Swiber Holdings, the construction and support services provider to the offshore oil and gas industry, has received a letter of award from a major oil company in South East Asia to provide underwater inspection, repair and maintenance services of major offshore facilities.

The contract, worth US$75 million ($106 million) is awarded on a day-rate basis and is expected to start in 2Q 2010. It will be for a five-year period with an annual renewal option of two years.

This will bring the total contract wins for the past one month to over US$315 million. The group recently secured its maiden Myanmar offshore installation project worth US$77 million on Nov 25.

On Dec 14, Swiber announced two LOAs worth up to US$81.9 million from major oil companies in South East Asia to provide offshore support vessels.

On Dec 15, it secured another LOA worth US$81.4 million to provide transportation and installation of major offshore facilities comprising of some new field developments and some decommissioning of platforms.

And on Dec 24, it announced the extension of its contract with Brunei Shell Petroleum Sdn Bhd to provide transportation and installation of offshore structures and pipelines. The contract is to run till 2014.