Apache contracts EMAS for Coniston subsea work

Offshore staff

SINGAPORE – Apache Energy Ltd. (NYSE:APA) has contracted EMAS AMC for subsea transport and installation offshore northwestern Australia in the Coniston field.

The $70-million contract covers transportation and installation of PLEMs (pipeline end manifolds), manifold, umbilicals, and flexible flowlines in addition to spool fabrication and recovery of two existing flowlines in approximately 380 m (1,247 ft) water depth.

The Ezra Holdings Ltd. Subsidiary will execute the project management, engineering, transportation and subsea installation work from Perth, with support from Singapore. Installation is scheduled to begin in 1Q 2013.

There is a potential of as much as $30 million in additional work, according to EMAS AMC.

2/28/2012

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