Ezra Holdings' subsea division EMAS AMC, wins US$ 75 million Statoil subsea engineering, procurement & offshore construction (EPCI) contract.
The contract is for subsea work on Statoil's Smørbukk South Extension project in the Norwegian Sea. Discovered in 1985, the Smørbukk South Extension holds estimated recoverable reserves of 16.5 million barrels of oil equivalent, and will be developed with a new subsea template connected to existing infrastructure in the area. The contract scope includes the engineering, procurement, construction and installation of flexible flowlines, tie-in spools, manifold and umbilical as well as associated abandonment and removal activities.
Mr C.J. D’Cort, CEO of EMAS AMC, said: “This award is a strong validation of our relationship with Statoil in the North Sea. With this latest project addition we continue the steady growth of our global EPCI project portfolio and I would like to compliment our regional team for securing another winning solution in one of the most challenging operating environments in the world.” Offshore activities will commence in Q2 2014 and the project is expected to last through 2015. The contract will be managed out of EMAS AMC’s Oslo office. 
EMAS – a leading global contracting group providing offshore/subsea construction, marine, production and well intervention services – is Ezra’s operating brand with offices across five continents.