Thursday 16 April 2015

 The contract awards come from a variety of oil majors, national oil companies and independent oil operators

 Maintains a healthy backlog of US$1.0 billion, with majority of contracts to be executed over the next 24 months

EMAS AMC, the subsea division of EMAS, a leading global offshore contractor and provider of integrated offshore solutions to the oil and gas (O&G) industry, today announced that it has won multiple new awards from various oil and energy companies worth approximately US$55 million.

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 Mr Lionel Lee, EMAS Group CEO and Managing Director.

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

Press Release