SINGAPORE (Dow Jones)–Ezra Holdings Ltd. (5DN.SG) said Monday its subsea construction division, EMAS AMC, has won a contract from Statoil (STL.OS) worth about US$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.
-By Matthew Allen, Dow Jones Newswires
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