EMAS AMC achieves first successful riser replacement for Statoil

First of several riser replacements for Statoil
Contract scope is to include riser replacement work across a number of other floating platforms on the Norwegian Continental Shelf

Singapore 12, April 2012 - EMAS AMC has successfully completed the first of several riser replacements for Statoil on the Norwegian Continental Shelf.

The scope of the riser replacement on Snorre B and the other floating platforms comprised by the contract includes riser recovery and installation work. In offshore operations, EMAS AMC has utilised the state-of-the-art construction vessel AMC Connector.

“We are very pleased to have completed the first of several riser replacements for Statoil. This project is important to EMAS AMC, as it showcases a combination of our reputable engineering capabilities with our modern fleet of construction assets. We are looking forward to successfully completing the work on the rest of the floating platforms,” says Svein Haug, Regional Head for EMAS AMC Europe and Africa.

Engineering and planning commenced in January 2012, while the offshore operations on Snorre B took place in March 2012.

FOR INVESTOR OR ANALYST ENQUIRIES

EMAS
Mr Tay Chin Kwang, +65 9877 8881
chinkwang@emas.com

OAKTREE ADVISERS
Ms Nora Cheng, +65 9634 7450
noracheng@oaktreeadvisers.com
FOR MEDIA ENQUIRIES

EMAS
Mr Alex Tan, +65 9841 0392
alex.tan@emas.com

EMAS OSLO
Ms Helene Løken, +47 41 66 33 64
helene.loken@emas.com

EMAS OSLO
Ms HÅKON MATHIAS RØNNING, +47 97 17 41 95
hakon.ronning@corporatecommunications.no

PELHAM BELL POTTINGER ASIA
Mr Matthew Law, +65 6333 3449
mlaw@pbp.asia

About EMAS
EMAS, a recognised leading global offshore contractor providing construction, marine, production and well intervention services, is the operating brand of Singapore listed Ezra Holdings Limited (以斯拉控股) and Oslo listed EOC Limited. EMAS specialises in delivering best-value solutions and has become a powerful alternative in the oil and gas (O&G) industry by combining a customised approach along with a widely diverse offering of assets and services to meet clients' needs. EMAS operates globally with offices in 16 locations across five continents spanning Africa, the Americas, Asia Pacific and Europe.

The completion of the acquisition of Aker Marine Contractors AS in 2011 adds one of the world's leading SURF and floater installation providers with a history of renowned accomplishments to the Group. EMAS has four main business segments which together have the capability to execute a full spectrum of seabed-to-surface engineering, construction, marine and production services throughout the world. In addition, the Group offers fabrication, engineering, logistics and support services out of Vietnam though HCM Logistics Limited and yard facilities in Ho Chi Minh City and Vung Tau.

EMAS Production, under EOC Limited, owns and operates FPSO facilities. Its capabilities include FPSO conversion management and the operation & maintenance of production facilities. It possesses the capability and track record to design and provide FPSO/FSO Mooring & Riser Systems and Turrets, and Fluid Transfer Systems.