EMAS AMC, Chevron Cement Installation Services Deal

- EMAS AMC, Chevron Cement Installation Services Deal

Tuesday, August 16, 2011
EMAS

EMAS and operating brand for Ezra continues to boost its orderbook of marine and/or offshore construction contracts. The latest contract win was awarded to EMAS AMC, the Group's offshore construction division, by Chevron Thailand Exploration and Production Ltd, Chevron Offshore (Thailand) Ltd and Chevron Pattani Ltd (collectively, "Chevron Thailand").

This award will see EMAS AMC installing a number of wellhead platforms and associated pipelines in the Gulf of Thailand. This project is expected to commence in early 2012 for a three year firm period (2012 – 2014) with an option period for an additional two years (2015 – 2016), which in aggregate is estimated to increase the orderbook for EMAS AMC to over US $600 million.

Mr. Lionel Lee, EMAS's Managing Director, said, "This award is an important milestone for us and reaffirms the growing relationship that we have with Chevron in the Asia Pacific region."

"The total subsea orderbook for EMAS AMC is now past the halfway mark and is closer to our short-term target of US $1 billion for the segment. EMAS AMC is moving steadily closer towards becoming fully integrated within the EMAS Group and the combined entity will propel us towards our objective of being a global leader in marine and offshore construction."

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EMAS AMC Completes Umbilical Installation for Shell in GOM

- EMAS AMC Completes Umbilical Installation for Shell in GOM

Wednesday, May 18, 2011
EMAS

EMAS AMC has recently completed the installation of 38km umbilical for Shell in the Gulf of Mexico.

This project was the first to use a new 150mT Flexible Deployment System (FDS) onboard the BOA Sub C. The new FDS is capable of laying flexibles and umbilicals in water depths up to 3000m.

The project was executed with zero injuries to personnel and zero recordable incidents.

The 38 km by 80mm diameter Electro – Hydraulic Umbilical was installed between the Shell operated Popeye field located at Green Canyon Block 116 (616m water depth) and Shell's Cougar platform at South Timbalier Block 300(110m water depth) with the completion through an I-tube.

EMAS AMC's CEO, Mr. C J D'Cort said, "We are very pleased to have been selected by Shell for this project and are proud of the safe and efficient work of our project team."

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EMAS to Take Delivery of FPSO from Keppel

EMAS to Take Delivery of FPSO from Keppel

Friday, April 15, 2011
Keppel Corp. Ltd.

EMAS Production is set to take delivery of one of Vietnam's largest Floating Production Storage and Offloading (FPSO) vessels from Keppel Shipyard Limited (Keppel Shipyard), on behalf of owner PV Keez Pte. Ltd (PV Keez).

To be managed and operated by EMAS Production, FPSO Lewek EMAS has been chartered by Premier Oil Vietnam Offshore B.V. for the development of the Chim Sáo field off southern Vietnam for six years, with a further option to extend the charter by another six years. The FPSO charter contract is one of only seven signed worldwide in 2009, and is worth approximately US$1 billion.

The project to convert the 168,000 dwt Suezmax tanker into an FPSO was awarded to Keppel Shipyard in December 2009. To date, Keppel Shipyard has achieved a good safety record of over 4.1 million incident-free man-hours for its conversion.

Speaking at the vessel's naming ceremony, Mr. Lionel Lee, Group Managing Director of EMAS said, "Lewek EMAS is our second FPSO project with Keppel Shipyard with whom we have established a win-win partnership. This FPSO underscores EMAS' ability to deliver a diverse range of customized marine and offshore support solutions, from design and engineering to maintenance and offshore installation. The addition of Lewek EMAS to our fleet propels EMAS Production to be one of Asia's leading FPSO operators."

Mr. Nelson Yeo, Managing Director of Keppel Shipyard said, "Keppel Shipyard is pleased to support the conversion of Lewek EMAS. We provided a broad spectrum of FPSO conversion services on this project, including the engineering and fabrication of topsides modules.

"In spite of the tight schedule, the project teams for this conversion have worked hard to upkeep the highest standards of quality and safety of our people and workplace. The successful conversion of Lewek EMAS further enhances Keppel as the choice provider of reliable and value-added services."

Lewek EMAS is on track for delivery in the second quarter of 2011, and is expected to begin production in July this year.

A joint venture between Ezra Holdings Limited, PetroVietnam Transportation Corporation, EOC Limited and KSI Production Pte Ltd, PV Keez is the first overseas company to secure an offshore Vietnam loan in order to finance the FPSO's conversion.