EMAS AMC Wins Subsea EPCI Deal from Statoil

Singapore’s EMAS AMC  has been awarded a subsea engineering, procurement and offshore construction contract from Statoil for the Smørbukk South Extension’s project offshore Norway. The contract is valued at approximately US$75 million.

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.

Related: Statoil Makes $600 Mln Investment Decision for Smørbukk South Extension Project

The field will be connected to the Åsgard A installation (FPSO).

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 start in Q2 2014 and the project is expected to last through 2015. The contract will be managed out of EMAS AMC’s Oslo office.