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Wednesday, October 26, 2016

EMAS AMC Secures $75 million SURF EPCI Statoil Contract

May 2, 2013

EMAS AMC, the subsea services division of EMAS, a global offshore contractor and provider of integrated offshore solutions to the oil and gas industry and the operating brand of Ezra Holdings Limited (5DN.SI), announced today that it has been awarded a subsea engineering, procurement and offshore construction contract from Statoil (STO) for the Smørbukk South Extension’s project. The contract is valued at approximately $75 million.

Discovered in 1985, the Smørbukk South Extension holds estimated recoverable reserves of 16.5 million barrels of oil equivalent, and will be developed with a new subsea template connected to existing infrastructure in the area.

The contract scope includes the engineering, procurement, construction and installation of flexible flowlines, tie-in spools, manifold and umbilical as well as associated abandonment and removal activities.

Offshore activities will commence in Q2 2014 and the project is expected to last through 2015. The contract will be managed out of EMAS AMC’s Oslo office.

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