EMAS wins contracts offshore

EMAS, the operating brand of Ezra Holdings, offshore contractor, and provider of integrated offshore solutions, won 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 about US$126 million, including options. EMAS was also awarded projects through its Subsea Services (EMAS AMC) and Offshore Support Services (EMAS Marine) divisions worth about US $505 million. 

These projects will be executed in the North Sea, Africa, the Gulf of Mexico and the Asia-Pacific region.

Included in the $505 million in contracts is a letter of intent (LOI), worth an $120 million, that EMAS AMC received for a  project offshore West Africa in 2014 utilizing its flagship vessel, the Lewek Constellation together with the Lewek Express.

"To continue our strong momentum, we are now steadily seeing the results from our increased activity in Africa, the Gulf of Mexico and the North Sea," said Lionel Lee, group managing director of EMAS. "EMAS AMC is gaining increased traction and market recognition and in the near future, we will be able to gain further market share with additional project enabling assets such as the Lewek Centurion, Lewek Express and Lewek Constellation, which are all coming into service relatively soon."

"These awards will further help to grow our track record for operating in the most challenging environments in the world,” said C.J. D’Cort, CEO of EMAS AMC. “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 earliest commencement for these projects is in 2013, while others are scheduled to run through to 2016. EMAS AMC has won an aggregate of about $1.4 billion for the current financial year to date, which includes about $1.1 billion of projects which have been announced.

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