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

Mr Lionel Lee, Managing Director of EMAS, said: “We have been investing heavily in building up our global engineering expertise as well as technologically advanced and game-changing assets. This has borne fruit and I am extremely pleased with this latest win by EMAS AMC. It demonstrates an ever growing confidence in our project execution capabilities and validates EMAS’ global subsea strategy.”

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.

Mr C.J. D’Cort, CEO of EMAS AMC, said: “This award is a strong validation of our relationship with Statoil in the North Sea. With this latest project addition we continue the steady growth of our global EPCI project portfolio and I would like to compliment our regional team for securing another winning solution in one of the most challenging operating environments in the world.”

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.

Mr Svein Haug, Regional Head of EMAS AMC (Europe and Africa), said: “We are extremely pleased with our involvement in this development for Statoil in the Norwegian Sea. The Smørbukk South Extension project requires some complex engineering expertise, and we are keen to deliver another successful project to a key customer in the region.”

About EMAS
EMAS – a leading global contracting group providing offshore/subsea construction, marine, production and well intervention services – is Ezra’s operating brand. With offices across five continents, it prides itself in having the right people and solutions for the oil and gas (O&G) industry by combining its global footprint and proven engineering skills with a diverse offering of premium assets and services designed to fully meet clients’ needs.
Operating in unison, Ezra’s core divisions are able to execute a full spectrum of seabed-to-surface engineering, construction, marine and production services anywhere in the world.
EMAS AMC – created after the acquisition of Aker Marine Contractors AS, is a global EPCIC service provider of comprehensive subsea-to-surface solutions for the offshore construction sector, in particular the vibrant subsea segment. Core business offerings include subsea construction, umbilicals/power cables, pipelines, platforms and FPSO installations.