(EnergyAsia, January 19, 2012, Thursday) --- EMAS, a global offshore contractor and operating brand for Singapore-based Ezra Holdings Limited, said its subsea construction division, EMAS AMC, has secured two contracts to provide mooring chain and riser replacements in the North Sea on the Norwegian Continental Shelf.

The combined value of the contracts awarded by Norway’s state oil and gas firm Statoil is estimated to be between 425 million krone and 600 million krone, assuming contract options are exercised. (US$1=6 Norwegian Krone).

The scope for the mooring chain replacement contract includes replacement work on part of the mooring system for several floating platforms. Engineering and planning work will start immediately, while offshore operations will begin in the third quarter.

Svein Haug, EMAS AMC’s regional head for Europe and Africa, said:

“The contracts will be managed out of our Oslo office. EMAS AMC has done similar work for Statoil previously in 2009, and with this award EMAS AMC consolidates its position within the floating segment.”