EMAS AMC gets floater installation contract

EMAS AMC, the subsea services division of EMAS, has secured a transport and installation contract for two floating storage units (FSUs), with an option for a third, from Statoil for their Heidrun and Mariner fields in the North Sea. The contract is valued at approximately USD 126M, including options. The work scope for all three projects consists of the pre-installation of mooring systems, followed by the transport, hook-up and installation of the FSUs in their respective fields. The projects will be managed out of EMAS AMC’s Oslo office.

C.J. D’Cort, the CEO of EMAS AMC, said, "We have had multiple contract wins since the beginning of 2013 for EMAS AMC in the North Sea. These awards will further help to grow our track record for operating in one of the most challenging environments in the world."

The Heidrun field located off Norway’s west coast in a water depth of around 350m, came on stream in 1995 and as of the end of 2012, it was estimated to have reserves of some 40.1 million m3 of oil, 31.3 billion m3 of gas and 1.7Mt of natural gas liquids. The Mariner field, one of the largest developments in the North Sea, 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-2014 and mid-2015 respectively.