Singapore-based offshore contractor EMAS’s subsea services division (EMAS AMC) has received contracts worth a total of approximately $80m, including options.
The scope of the projects will include a large spectrum of subsea work, involving the decommissioning and towage of an FPSO in Asia.
As part of the project, an inspection, maintenance and repair (IMR) vessel will also be deployed in the US.
According to the company, work for the majority of the contracts is due to start in the first half of 2014.
EMAS group CEO and managing director Lionel Lee said the new contracts will allow the company to showcase its division’s breadth of capabilities as well as its global reach.
"It is an auspicious start to the new year. We are seeing a good pick up of activities in the key regions we are focused on, and we are well-positioned to take advantage of the upturn in 2014," Lee said.
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During the year, the group registered a 22% increase in revenue to $339.8m compared to the corresponding period in FY13.
The group’s subsea orderbook is said to stand at more than $1.4bn, and is still tendering for some $9bn in projects worldwide.
EMAS, the operating brand of Ezra Holdings, is a global offshore contractor and provides integrated offshore solutions to the oil and gas industry by combining its global footprint and engineering skills.
EMAS AMC provides subsea-to-surface solutions for the offshore oil and gas industry, especially in the SURF and subsea tie-back sector.
Image: EMAS’ scope of the projects will include a large spectrum of subsea work. Photo: courtesy of suwatpo.