SINGAPORE--(BUSINESS WIRE)--EMAS, a leading global offshore contractor and provider of integrated offshore solutions to the oil and gas (O&G) industry and operating brand for Ezra Holdings Limited (Ezra or the Group, 以斯拉控股), today announces that its subsea construction division, EMAS AMC, has been awarded two contracts from Statoil, for mooring chain and riser replacements in the North Sea on the Norwegian Continental Shelf. The combined contract value is estimated to be approximately NOK 425 million and up to NOK 600 million assuming contract options are exercised.
“We are very pleased and proud to have been selected by Statoil for these two projects. The contracts, which will be managed out of our Oslo office, mark another important milestone for EMAS AMC, combining our reputable engineering capabilities with our modern fleet of construction assets,” says Svein Haug Regional Head for EMAS AMC (Europe and Africa).
The scope for the mooring chain replacement contract includes replacement work on part of the mooring system for several floating platforms. Engineering and planning of the work will commence immediately, and the offshore operations will take place in the third quarter of 2012. “EMAS AMC has done similar work for Statoil previously in 2009, and with this award EMAS AMC consolidates its position within the floating segment,” says Svein Haug. The scope for the riser replacement contract includes riser recovery and installation work for several floating platforms. Engineering and planning of the work will commence immediately, and the offshore replacement works will be performed from 2012 onwards.
ABOUT THE GROUP www.emas.com
SGX mainboard listing: December 2005
EMAS – a leading global offshore contractor providing construction, marine, production and well
intervention services – is the operating brand for Ezra Holdings Limited. Adept in delivering best-value solutions, EMAS has entrenched itself as an emerging adjunct in the oil and gas (O&G) industry by combining its customised approach with a diverse offering of assets and services designed to fully meet clients’ needs. It operates globally with offices in 16 locations across five continents spanning Africa, the Americas, the Asia-Pacific and Europe.
Having completed the acquisition of Aker Marine Contractors AS in 2011, the Group has added one of the world’s leading SURF (subsea umbilicals, risers & flowlines) and floater installation providers to its fold. Ezra, through EMAS, operates four main business segments that together have the ability to execute a full spectrum of seabed-to-surface engineering, construction, marine and production services throughout the world.