Marine installation contract worth
05 March 2012
Ezra Holdings Ltd has announced that its subsea construction division, EMAS AMC, has won a contract from Statoil worth USD 55 million. The company, an offshore and subsea services provider, said in a filing with the Singapore Exchange that the contract was for marine installation and pipe lay at the Fram H-Nord development in the North Sea, the third phase of the development of the Fram Field which is tied back to the Troll C Platform. Engineering, procurement and planning activities will commence immediately and the work is set to commence in the third quarter of 2013, the company said.