EMAS Offshore Awarded Contracts Worth $33 Million
EMAS Offshore Limited has secured additional options for extension on an existing contract, as well as new awards for charters with an oil major and independent oil company in West Africa and Asia valued at more than $33 million.
In West Africa, EMAS Offshore’s PSV will be providing sea transportation services for an oil major. In Asia, EMAS Offshore’s contract is with an independent oil company. EMAS will provide one AHTS and the scope of work includes transportation of personnel, materials and supplies and to provide storage for materials and supplies.
“We continue to focus our efforts in West Africa, where we have sustained our win momentum whilst building our track record and growth across Asia,” said Capt. Adarash Kumar, EMAS Offshore’s chief executive officer. “Our strategy to focus our bidding activities in West Africa will allow us to increase penetration in this market whilst maintaining dominance in Asia amidst this muted oil and gas environment.”
The average duration for the contracts is 2.4 years, including the extension on an existing contract) and work is expected to commence in the first quarter of fiscal year 2016.
- Keystone Oil Pipeline Resumes Operations After Temporary Shutdown
- Freeport LNG Plant Runs Near Zero Consumption for Fifth Day
- Biden Administration Buys Oil for Emergency Reserve Above Target Price
- Mexico Seizes Air Liquide's Hydrogen Plant at Pemex Refinery
- Enbridge to Invest $500 Million in Pipeline Assets, Including Expansion of 850-Mile Gray Oak Pipeline
- Venezuela Proposes Alternative Payment Plan as Weak Bids Surface in Citgo Auction
- Baker Hughes Wins Contract for Huge Aramco Gas Expansion Project
- Enbridge Picks Contractors for Great Lakes Tunnel Project, Securing Line 5 Pipeline Route
- Russia's Gazprom Sees Worst Loss in Decades as European Gas Sales Collapse
Comments