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EMAS AMC nets SURF contracts in Asia Pacific and GoM regions

24th October 2014

EMAS AMC, the subsea division of EMAS has won multiple new awards from various energy companies valued at over USD 70m

EMAS AMC nets SURF contracts in Asia Pacific and GoM regions
The scope of work includes subsea installation of umbilicals, flowlines and jumpers, as well as provision of services to support rigs

“I am delighted to see that our customers are leveraging our subsea expertise and placing their trust in our solutions and services,” said Lionel Lee, Ezra’s Group CEO and managing director.

“With this slate of multiple contracts that span across the US Gulf of Mexico and Asia Pacific regions, EMAS AMC is continuing its winning momentum and reaffirming our strategy on growing our subsea business.”

The scope of work includes subsea installation of umbilicals, flowlines and jumpers, as well as provision of services to support rigs.

Work has commenced for several projects, with the others slated for offshore execution from Q4 2014 to Q2 2015.

EMAS AMC continues to deliver strong and sustained growth, with five recurring quarters of operational profitability. Revenue increased by 32 per cent to USD 1bn, as a result of the group’s strategy to improve operational efficiency and economies of scale by increasing fleet capacity and optimising deployment to undertake more projects. EMAS AMC currently maintains a healthy backlog of approximately USD 1.1bn, with most contracts expected to be executed over the next 12 to 18 months.

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