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EMAS confirmed that its subsea construction division, EMAS AMC, was awarded two contracts from Statoil, for mooring chain and riser replacements in the North Sea on the Norwegian continental shelf. The combined contract value is estimated to be approximately $74.2 million and up to $104.6 million assuming contract options are exercised.
The scope for the mooring chain replacement contract includes replacement work on part of the mooring system for several floating platforms. Engineering and planning of the work will commence immediately, and the offshore operations will take place in third quarter 2012.
The scope for the riser replacement contract includes riser recovery and installation work for several floating platforms. Engineering and planning of the work will commence immediately, and the offshore replacement works will be performed from 2012 onwards.