Swiber’s Dalihao successfully wraps up offshore installation mission for Brunei Shell

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– 16 July 2008

Swiber Holdings Limited (“Swiber” or together with its subsidiaries, the “Group”), a leading, premier world class service provider in the offshore industry, announced that its derrick barge, the Dalihao with 2,500 MT lifting capacity, has successfully executed and completed the Mampak platform installation work for Brunei Shell Petroleum Company Sdn Bhd (“Brunei Shell”). Swiber’s Dalihao successfully wraps up offshore installation mission for Brunei Shell

This project is part of Swiber’s landmark US$146.6 million contract with Brunei Shell announced in February 2007, under which the Group was engaged to perform offshore work for two major projects including Pipeline Replacement and Mampak Development.

During its 45-day campaign in Brunei, the Dalihao installed the 900T Jacket and 1,300T topside in Brunei Shell’s new “Mampak” field; and also installed the 650T Magpie module and the 4th loading arm at the oil giant’s Brunei Liquid Natural Gas (BLNG) terminal. The Dalihao was also utilized to remove
the old Living Quarters from the Ampa-6 platform, which was part of the de-commissioning scope of activities for Brunei Shell.

Dalihao is a heavy lift derrick barge capable of lifting up to 2,500T of load. The vessel is capable of installing fixed and floating platforms and other work requiring derrick and heavy lift. It is an 8-point mooring barge and can accommodate up to 236 men.

The Dalihao is now de-mobilizing from the Brunei offshore site to embark for its next offshore project in Indonesia for ConocoPhillips, an international, integrated energy company with interests around the world.

Commented Mr Raymond Goh, Swiber’s Executive Chairman and CEO, “I am delighted that the Dalihao’s offshore project was executed to perfection. The successful completion attests to our ability to provide a highly professional and reliable level of offshore support services. The Dalihao is an intrinsic component in the progression of Swiber’s business strategy of acquiring state-of-the-art assets and technologies that add value to our offshore services. We will continue to execute our fleet expansion programme with the objective to sharpen our competitive edge and enhance our position as a leading, premier world class service provider in the offshore industry.”

Currently, Swiber operates a fleet of 32 owned vessels, comprising 12 tug boats, 14 barges, one crane barge (Dalihao), one jack up platform, one accommodation barge, two submersible barges and one pipelay barge (Swiber Conquest). In addition, 23 vessels, comprising 14 tug boats, 2 subsea support vessels, 2 accommodation barges, one 4,180T derrick crane pipelay barge, 3 pipelay barges, and one deepwater drilling vessel, are currently under construction/conversion. With the addition of these new vessels, Swiber’s fleet of offshore marine vessels will be increased to 55 by the end of FY2010, significantly boosting the Group’s capabilities and competitive edge in the offshore marine support and EPCIC services sector.


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