Swiber said in a statement that it would start engineering work immediately, with the overall project currently scheduled for completion in March 2017.

The company did not name the client who awarded the contract or where the field was located, saying only the customer is a South Asian national oil company.

“This new contract is awarded by a national oil company for which we had previously completed a floatover platform installation project,” said Swiber chief executive Francis Wong.

However,