EMAS secures offshore oil and gas services contract in West Africa

Source:EMAS Offshore Limited

EMAS Offshore Limited (“EMAS Offshore” or “the Group”)(EMAS.OL), an established offshore services provider offering offshore support, accommodation, construction and production services to the oil and gas industry, today announced that it has secured a contract valued at more than US$30 million, including options.

This contract is part of a larger project awarded to EMAS AMC, the Subsea Services division of Ezra Holdings Limited1 for the charter of multiple vessels to an oil major in West Africa, and was awarded following a competitive tender process.

Under the job scope, four of EMAS Offshore’s marine vessels, including an Accommodation Barge, PSV and AHTSes, will be chartered to EMAS AMC, to provide accommodation, anchor handling, towing, supplying and other support services. In addition, it allows EMAS Offshore to participate in a major Maintenance, Modifications and Operations (MMO) project. The average contract duration for the contract is approximately 1.3 years (including options) and work is expected to commence in the fourth quarter of FY2015.

Mr. Jon Dunstan, EMAS Offshore’s Chief Executive Officer, said: “We have identified West Africa as a target region for our growth and I am delighted to see that strategy coming to fruition. Moreover, we see this win as an opportunity to showcase the synergy between EMAS AMC and EMAS Offshore to create even more value for our clients.”

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