EMAS, a subsidiary of Ezra Holdings, was awarded subsea construction and offshore support contracts in Asia Pacific and West Africa with a combined value of more than US $125 million, including options. EMAS AMC won subsea deals worth nearly $100 million including a contract for a deepwater pipeline installation project in the South China Sea. The scope of work includes FPSO mooring repair work in West Africa, and offshore China the installation of flowlines, associated PLETS (Pipeline End Terminations) and spools in working water depths of up to 1,400 m (4,593 ft). Work on these projects is expected to begin in this quarter. EMAS Marine also added contracts for offshore support work in Malaysia, Thailand and Australia with the deployment of two Anchor Handling Tug and Supply vessels and one Platform Supply Vessel.
Recommended Reading
NAPE: Turning Orphan Wells From a Hot Mess Into a Hot Opportunity
2024-02-09 - Certain orphaned wells across the U.S. could be plugged to earn carbon credits.
Petrobras to Step Up Exploration with $7.5B in Capex, CEO Says
2024-03-26 - Petrobras CEO Jean Paul Prates said the company is considering exploration opportunities from the Equatorial margin of South America to West Africa.
Exxon Versus Chevron: The Fight for Hess’ 30% Guyana Interest
2024-03-04 - Chevron's plan to buy Hess Corp. and assume a 30% foothold in Guyana has been complicated by Exxon Mobil and CNOOC's claims that they have the right of first refusal for the interest.
The OGInterview: How do Woodside's Growth Projects Fit into its Portfolio?
2024-04-01 - Woodside Energy CEO Meg O'Neill discusses the company's current growth projects across the globe and the impact they will have on the company's future with Hart Energy's Pietro Pitts.
Texas Earthquake Could Further Restrict Oil Companies' Saltwater Disposal Options
2024-04-12 - The quake was the largest yet in the Stanton Seismic Response Area in the Permian Basin, where regulators were already monitoring seismic activity linked to disposal of saltwater, a natural byproduct of oil and gas production.