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.

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