EMAS has secured two contracts with South Korean clients worth a combined total of approximately US$200 million.
EMAS' subsea division (EMAS AMC) was awarded an EPCIC contract in Asia by STX Offshore & Shipbuilding Co. Ltd for the engineering, procurement, construction, installation and commissioning of a turret mooring and subsea system for use offshore Africa.
EMAS AMC's scope includes the turnkey delivery of an external turret including the product swivel, a 3x3 anchor leg system, foundation piles, pipeline end manifold (PLEM), flowlines, risers, power cable and related subsea structures.
The engineering and project management work will commence immediately with offshore execution scheduled for 2015.
Separately, EMAS AMC has reached an agreement with DSME for one of its accommodation and hook-up support vessels also for operations offshore Africa. Offshore operations are expected to commence in the first quarter of 2014.
C.J. D'Cort, CEO of EMAS AMC, said: "EMAS is celebrating their 20-year anniversary this week, and these important contract awards are a further testimony to our growth and the current capabilities of EMAS. The STX award clearly affirms EMAS AMC's ability to provide our growing client base with a complete range of EPCIC services from design, engineering, procurement to subsea construction services for sizeable turnkey projects. Both awards are timely in nature as further projects are scheduled to come online in this part of the world."