Swiber has won a $310m engineering, procurement, construction, installation and commissioning (EPCIC) contract from a national oil company in South Asia.
The deal requires Swiber to deliver a range of EPCIC services for eight new platforms and related pipelines needed to develop a new offshore gas field located in South Asia.
The engineering work will start immediately with the entire expected to be completed in March 2017.
Swiber will use its construction and support vessels, as well as project management team for the work.
Swiber group chief executive officer and president Francis Wong said: "This new contract is awarded by the national oil company for which we had previously completed a floatover platform installation project.
"Over the years, Swiber has performed offshore projects with a total value of approximately $1.66bn, including consortium for this customer."
Swiber said it has continued to secure new projects despite the prevailing headwinds occured by the decline in oil prices.
In December 2014, the company secured a $710m EPCIC project in West Africa.
Singapore-based Swiber provides offshore construction services to the oil and gas industry. The company presently owns and operates a fleet of 81 vessels, featuring 13 construction vessels and 68 offshore vessels.