EMAS AMC Wins Floater Installation Contract from Statoil

EMAS AMC, the Subsea Services division of Ezra Holdings Limited, announced today that it has been awarded a transport and floater installation contract for two FSUs, with an option for a third, from Statoil for their Heidrun and Mariner fields. The contract is valued at approximately US$126 million, including options.

Mr C.J. D’Cort, CEO of EMAS AMC, said: “We have had multiple contract wins since the beginning of 2013 for EMAS AMC in the North Sea. We are greatly encouraged by the momentum we have achieved, and are gratified by the show of confidence in us by oil operators there.

“These awards will further help to grow our track record for operating in one of the most challenging environments in the world. These wins, coupled with increased activity in the Gulf of Mexico and Africa, are a clear recognition of our ability to execute a variety of subsea projects across our key global business regions.”

The work scope for all three projects consists of the pre-installation of mooring systems, followed by the transport, hook-up and installation of the FSUs in their respective fields. The projects will be managed out of EMAS AMC’s Oslo office.

EMAs EMC, July 12, 2013

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