Tendersinfo keep you informed about the latest events in the national and international Procurement Industry. Procurement News provides in-depth coverage of the procurement industry, including contract awards, contract additions, new contract wins, mergers and acquisitions. Tendersinfo through its tender news section provides an update on all domestic and global tendering opportunities, invitation to bid & trade leads.
Singapore : Kreuz wins another US$13m project
Publish Date : 28-Jul-2012
Kreuz Holdings announced on Friday before trading that it has won a US$13 million (S$16.29 million) contract from a leading offshore oil and gas company to provide subsea installation services in Southeast Asia.
The SGX-listed subsea service provider for the oil and gas industry added that work will start in the third quarter of 2012 and will last for three months, with an option for further extension.
This follows the company\'s recent acquisition of a construction class diving support vessel, said executive director and CEO of Kreuz, Kurush Contractor.
Kreuz had also announced on June 12, 2012 its securing of another string of contracts worth about US$142 million (S$ 177.97 million) in all for subsea installation works and the provision of remotely operated vehicle services.
