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EMAS AMC cheers USD 55m-worth of new offshore contracts

16th April 2015

EMAS AMC, the subsea division of EMAS, has won multiple new awards from various oil and energy companies worth approximately USD 55m

EMAS AMC, the subsea division of EMAS, has won multiple new awards from various oil and energy companies worth approximately USD 55m
Work has commenced for several projects, with the others slated for offshore execution from Q3FY2015 onwards.

Scope of work includes project support, inspection, maintenance and repair (IMR), subsea removal work of pipelines and structures, installation of buoys and lifting of structures and mattresses, as well as a pre-FEED study.

Work has commenced for several projects, with the others slated for offshore execution from Q3FY2015 onwards.

“Amidst the volatile oil price environment and current headwinds faced by the oil and gas industry, we continue to show resilience with contract wins across the globe. The spectrum of work also builds our global track record and demonstrates our subsea expertise and the capabilities of our project enabling assets,” said Lionel Lee, EMAS Group CEO and managing director.

EMAS AMC has secured a healthy backlog of approximately USD 1.0bn, with a majority of the contracts expected to be executed over the next 24 months.

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