Ezra Holdings Limited’s Subsea Services division, EMAS AMC, has finalised three contracts with Noble Energy valued collectively at over US$300 million.
The scope of work includes engineering, procurement, construction and installation of subsea tie-backs for the Big Bend, Dantzler and Gunflint field developments in the US Gulf of Mexico.
The project management, engineering and procurement are already well underway from EMAS AMC’s Houston office with fabrication of the 16 subsea structures, and stalking and spooling of over 160 miles (258 km) of line pipe, in progress at the recently upgraded EMAS Marine Spool Base facility in Ingleside, Texas.
Offshore execution is scheduled for 2015, utilizing five EMAS AMC offshore construction vessels including the new build, ultra-high tension, deepwater reel lay and heavy lift vessel, the Lewek Constellation.
“Following the successful completion of the Tamar project, I am particularly grateful for the continued trust and confidence that the Noble Energy team has shown in our people and our capabilities. It is a testament of our ability in delivering operational excellence and results,” said Mr Lionel Lee, Ezra’s Group CEO and Managing Director.
“With our flagship vessel Lewek Constellation, we are helming the future of the subsea industry, and with her in operation, we will continue to drive our growth as a premier global subsea tie-back contractor.”
Noble Energy, Inc. today announced a discovery at the Big Bend exploration prospect in the deepwater Gulf of Mexico. The well, located in 7,200 feet of water on Mississippi Canyon Block 698, was drilled to a total depth of 15,989 feet. Open-hole logging identified approximately 150 feet of net oil pay in two high-quality Miocene reservoirs.
Charles D. Davidson, Noble Energy’s Chairman and CEO, said, “The discovery at Big Bend is an exciting follow-up to our recent success at Galapagos. The well results appear at least as good as our pre-drill mean resource expectations and de-risked our offset prospect Troubadour. The combination of excellent reservoir properties, fluid characteristics and our high working interest in this project will contribute significant production and cash flow for our business.”
Noble Energy operates with a 54 percent working interest in Big Bend. Other interest owners are W&T Energy VI, LLC (a wholly owned subsidiary of W&T Offshore Inc.) with 20 percent, Red Willow Offshore, LLC with 15.4 percent and Houston Energy Deepwater Ventures V, LLC with 10.6 percent.