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EMAS's Offshore Construction Division Awarded Chevron Contract

Published Aug 17, 2011 11:21 AM by The Maritime Executive

EMAS AMC awarded contract from Chevron Thailand for offshore installation services in the Gulf of Thailand keeps EMAS on track to US$1 billion target as orderbook leaps to over US$600 million.

EMAS, a leading global offshore contractor and provider of integrated offshore solutions to the oil and gas (O&G) industry and operating brand for Ezra Holdings Limited (Ezra or the Group), continues to boost its orderbook of marine and/or offshore construction contracts. The latest contract win was awarded to EMAS AMC, the Group's offshore construction division, by Chevron Thailand Exploration and Production Ltd, Chevron Offshore (Thailand) Ltd and Chevron Pattani Ltd (collectively, "Chevron Thailand").

This award will see EMAS AMC installing a number of wellhead platforms and associated pipelines in the Gulf of Thailand. This project is expected to commence in early 2012 for a three year firm period (2012 -- 2014) with an option period for an additional two years (2015 -- 2016), which in aggregate is estimated to increase the orderbook for EMAS AMC to over US$600 million.

Mr Lionel Lee, EMAS's Managing Director, said: "This award is an important milestone for us and reaffirms the growing relationship that we have with Chevron in the Asia Pacific region".

"The total subsea orderbook for EMAS AMC is now past the halfway mark and is closer to our short-term target of US$1 billion for the segment. EMAS AMC is moving steadily closer towards becoming fully integrated within the EMAS Group and the combined entity will propel us towards our objective of being a global leader in marine and offshore construction."

 

Source: MarketWatch