EMAS AMC Asks for Short Standstill of “Lewek Connector” Charter

EMAS AMC AS, a subsidiary of EMAS Chiyoda Subsea, has requested Ocean Yield to enter into a short-term standstill agreement relating to the bareboat charter of the vessel Lewek Connector for the months of December 2016 and January 2017.

The ultra deepwater multipurpose, flex-lay subsea construction vessel, built in 2011, is under a 10-year charter from October 2012, and it is guaranteed by Singapore-listed Ezra Holdings.

EMAS Chiyoda Subsea (ECS) is said to have initiated discussions with its creditors in order to restructure and recapitalise the company.

The joint venture was established this year by Ezra Holdings and Chiyoda Corporation, following which Nippon Yusen Kabushiki Kaisha (NYK) acquired 25% equity interest in ECS. Ezra and Chiyoda retain their respective 40% and 35% shareholding in ECS.

ECS in consortium with L&T Hydrocarbon Engineering (LTHE) has secured a contract from Saudi Aramco valued at over USD 1.6 billion for the development of the second phase of Hasbah offshore gas field situated off the coast of Saudi Arabia. According to the company, its scope covers approximately 40% of the contract value.

 

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6th Offshore Well Intervention Conference Gulf of Mexico

The Offshore Well Intervention Gulf of Mexico conference (OWI GOM) is returning to Houston, Texas for its sixth year on Wednesday 20 – Thursday 21 November.

Featuring Anadarko, BP, Shell, Chevron, BHGE and Oceaneering, the conference aims to help operators transition to the latest compliance updates, WI systems and business models that enhance safety, quicken well access and improve commerciality.

Across two days, more than 200 delegates, 15 exhibitors and 30 speakers will network together and create solutions to some of the most pertinent industry challenges right now, through a conference programme focused on:

  1. Clarifying compliance updates
  2. Quicker well access and safer well control
  3. ​Understanding HPHT well intervention (systems)
  4. Forecasting well intervention activity, discussing new commercial models and comparing platform options
  5. Best practice riserless well intervention
  6. ​The latest well intervention equipment

For registration, speaking or sponsorship enquiries contact Abigail Clifton on aclifton@offsnet.com; +44 (0) 203 793 8800.

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OCEANS 2019

OCEANS is the bi-annual event for global marine technologists, engineers, students…

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OTC Brasil

The conference is organized by the Offshore Technology Conference (OTC) and Brazilian Petroleum…

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Europort 2019

Europort, organised in the world port city of Rotterdam, will be the leading exhibition for special purpose vessels…

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