Singapore-based subsea service provider Kreuz has been awarded its fifth contract from Swiber worth $57.5m.

The company will supply subsea work components for new wins secured by Swiber in India and South East Asia.

Kreuz Holdings CEO Kurush Contractor said the company had received orders worth a total of $157.53m for the current fiscal year.

Kreuz is an integrated subsea service provider to the offshore oil and gas industry, providing subsea construction and installation solutions for both new developments and field upgrades.