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EMAS AMC takes $126 million contract from Statoil

EMAS AMC wins transport and floater installation contract from Statoil

EMAS AMC takes $126 million contract from Statoil
EMAS AMC takes $126 million contract from Statoil

EMAS AMC, the subsea services division of EMAS, an international offshore contractor and provider of integrated solutions to the oil and gas industry, announced that it has been awarded a transport and floater installation contract for two FSUs, with an option for a third, from Statoil for their Heidrun and Mariner fields.

The contract is valued at approximately US$126 million, including options.

The Heidrun is field located off Norway’s west coast in a water depth of around 350m, it was estimated to hold reserves of some 40.1 million cubic metres of oil, 31.3 billion cubic metres of gas and 1.7 million tonnes of natural gas liquids. Offshore operations by EMAS AMC are expected to begin in mid-2014.

The Mariner field, is located off the UK Continental Shelf (UKCS) in a water depth of 110m, and is expected to produce some 55,000 barrels of oil per day over the plateau period from 2017 to 2020. Offshore operations by EMAS AMC are expected to begin in mid-2015.

Svein Haug, regional head of EMAS AMC (Europe and Africa), said: “We are extremely delighted to once again be working with Statoil for these developments in the North Sea. We look forward to executing and delivering these projects efficiently and safely, and contribute our subsea engineering capabilities for the offshore development of this region.”

Staff Writer

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