EMAS AMC wins contract with Apache and sails past USD1 billion target in subsea orders

Wednesday, February 29, 2012      
 
  • EMAS AMC announces that it has been awarded a contract by Apache Energy Limited to perform subsea transport and installation work for the Coniston Field Development located in Northwest Australia.

The base scope for the contract works is currently approximated to be up to USD70 million with various potential add-on work scope options of up to USD30 million in additional contract value. The contract will be managed mainly out of the EMAS AMC's Perth office with support from the Singapore office.

"We are extremely pleased and proud to have been selected by Apache for this interesting project. This contract marks another important milestone for EMAS AMC in the Asia-Pacific region, combining our regional expertise, our reputable engineering capabilities and our modern fleet of construction assets to deliver an attractive SURF solution to Apache," says C.J. D'Cort - CEO for EMAS AMC.

The scope of work for the project includes the transportation and installation of PLEMs (pipeline end manifolds), manifold, umbilicals and flexible flowlines in addition to spool fabrication and recovery of two existing flow-lines in approximately 380 meters of water depth. EMAS AMC will execute the project management, engineering, transportation and subsea installation works for the project. Engineering and planning activities for the project will commence immediately with the offshore installation operations scheduled to commence around the first quarter of 2013.

EMAS AMC also recently secured a 2014 contract extension for their umbilical installation vessel for operations in Europe. With these latest awards, EMAS AMC has now achieved its USD1 billion short-term order book target that was set after the completion of Ezra's acquisition of Aker Marine Contractors AS in March 2011.

"We set a 12-18 month target for our subsea/offshore construction business less than a year ago and we have now achieved this ahead of schedule. This shows the acceleration of activities in the subsea sector and the success of our integrated subsea division which has benefited from these strong sector trends," says Lionel Lee, Group Managing Director of Ezra.

 

Join 80,000 oil and gas professionals who receive our weekly newsletter.

You may unsubscribe at any time with one click.

Article Tags

EMAS Apache Corporation Australia Australasia Finance Operations Update Subsea


This article is for information and discussion purposes only and does not form a recommendation to invest or otherwise. The value of an investment may fall. The investments referred to in this article may not be suitable for all investors, and if in doubt, an investor should seek advice from a qualified investment adviser. More


Related News


Upcoming OilVoice Training Course

Petroleum Geology of East Africa
The course reviews the key regional controls on petroleum systems and prospectivity across East Africa, assessing both the recent discoveries and the numerous frontier basins in the region. It emphasises the impact of the tectonic history of this most active part of the African plate on the generati...
London - 21 Apr


Trainer
Duncan MacGregor

Cost
£500

Discount Code
OilVoice-10 for 10% off any course.View Course

All OilVoice Training Courses
Popular Headlines View all
Latest Opinion View all
Join 80,000 other oil and gas professionals

Network with others, build your profile, and receive the latest oil and gas news in your inbox. It's free!

Create profile
OilVoice Training All upcoming

About

OilVoice, established in 2002, is your leading source of upstream news, jobs and industry information.


Newsletter

Each week we send our weekly industry round-up. Why not try it? You may unsubscribe at any time.

Contact OilVoice

Milton Keynes
United Kingdom
Phone: +44 207 993 5991
Contact Us


Stay Connected


2015 © OilVoice  .  Privacy Policy  .  Terms of Service  .  Oil Careers  .  Advertise with us