Øyvind Hagen Statoil Åsgard A

EMAS AMC Awarded $75 Million Subsea EPC Contract at Smørbukk South Extension

Rob Almeida
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May 3, 2013

Ã…sgard A, image (c) Øyvind Hagen – Statoil

Offshore contractor EMAS AMC announced this week that it has been awarded a USD $75 million contract from Statoil to provide subsea engineering, procurement and offshore construction services for the Smørbukk South Extension’s project.

The contract scope includes the engineering, procurement, construction and installation of flexible flowlines, tie-in spools, manifold and umbilical as well as associated abandonment and removal activities.

Mr C.J. D’Cort, CEO of EMAS AMC commented on the contract: “This award is a strong validation of our relationship with Statoil in the North Sea. With this latest project addition we continue the steady growth of our global EPCI project portfolio and I would like to compliment our regional team for securing another winning solution in one of the most challenging operating environments in the world.”

Offshore activities will commence in Q2 2014 and the project is expected to last through 2015. The contract will be managed out of EMAS AMC’s Oslo office.

The Development

Located northwest of Trondheim, Norway, Smørbukk South Extension is a part of Statoil’s Ã…sgard unit, one of the largest developments on the Norwegian Continental Shelf.  The field has been developed with the Ã…sgard A FPSO (pictured above), Ã…sgard B (semi-submersible platform) and Ã…sgard C FSO.  Statoil is the operator with a 34.57% share, other partners in the licence are Petoro AS (35.69%), Eni Norge AS (14.82%), Total E&P Norge AS (7.68%) and ExxonMobil (7.24%).

Discovered in 1985, the Smørbukk South Extension holds estimated recoverable reserves of 16.5 million barrels of oil equivalent, and will be developed with a new subsea template connected to existing infrastructure in the area.

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