SINGAPORE - EMAS AMC, the subsea division of EMAS, has won new awards worth approximately $55 million. The contract awards come from a variety of oil majors, national oil companies, and independent oil operators.
The scope of work includes project support; inspection, maintenance, and repair; subsea removal work of pipelines and structures; installation of buoys and lifting of structures and mattresses; as well as a pre-front-end engineering study.
Work has commenced for several projects, with the others slated for offshore execution starting in 3Q 2015.
EMAS AMC has secured a backlog of approximately $1 billion, with a majority of the contracts expected to be executed over the next 24 months.