EMAS Wins $505M in New Projects
Singapore-based offshore contractor EMAS reported Thursday that it has been awarded $505 million of new projects, so securing orders for the company until 2016. This adds to a backlog of orders for the group of more than $2 billion as at May 31, 2013.
The projects will be executed in the North Sea, Africa, the Gulf of Mexico and the Asia-Pacific region.
EMAS said its subsea services business, EMAS AMC, has received a letter of intent for a $120 million project offshore West Africa in 2014, which will use its flagship vessel, the Lewek Constellation together with the Lewek Express.
Based on its heavy-lift capabilities, the Lewek Constellation will execute jacket and deck installation, with the Lewek Express undertaking the SURF and rigid pipeline installation scope. Designed to execute complex projects in a safe, efficient and reliable manner in water depths exceeding 9,800 feet, the Lewek Constellation is an ice-classed, high-end, multi-lay offshore construction vessel with heavy lift capabilities.
"We are extremely delighted with Lewek Constellation, one of only a handful of vessels in its class globally. This project marks the beginning of a new chapter for EMAS. We look forward to reaching 'new depths' in our offerings of subsea services and engineering solutions for our clients," EMAS Group Managing Director Lionel Lee said in a company statement.
EMAS said its EMAS AMC business was further strengthened by four more contracts amounting to $284 million.
Meanwhile, the firm's EMAS Marine business was awarded five time-charter contracts for a platform supply vessel and four anchor handling, towing and supply vessels in the Asia-Pacific region. The contracts are worth a total of $102 million.
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