EMAS AMC wins $70 million contracts for work in Gulf of Mexico and Asia Pacific

EMAS AMC wins $70 million contracts for work in Gulf of Mexico and Asia Pacific

SINGAPORE -- EMAS AMC, the subsea division of EMAS, has won multiple new awards from various energy companies valued at over $70 million. The awards come from a variety of national oil companies, oil majors and contractors.

The scope of work includes subsea installation of umbilicals, flowlines and jumpers, as well as provision of services to support rigs. Work has commenced for several projects, with the others slated for offshore execution from fourth-quarter 2014 to second-quarter 2015.

“I am delighted to see that our customers are leveraging our subsea expertise and placing their trust in our solutions and services. With this slate of multiple contracts that span across the U.S. Gulf of Mexico and Asia Pacific regions, EMAS AMC is continuing its winning momentum and reaffirming our strategy on growing our subsea business,” said Mr Lionel Lee, CEO and MD of Ezra’s Group.

EMAS AMC continues to deliver strong and sustained growth, with five recurring quarters of operational profitability. Revenue has increased by 32% to $1.0 billion, as a result of the Group’s strategy to improve operational efficiency and economies of scale, by increasing fleet capacity and optimising deployment, to undertake more projects. EMAS AMC currently maintains a healthy backlog of approximately $1.1 billion, with most contracts expected to be executed over the next 12 to 18 months.