Ezra Lands $110 Mln Worth of Subsea & Offshore Contracts

Ezra Holdings Limited, a Singapore-based offshore contractor and provider of integrated offshore solutions to the oil and gas (O&G) industry, today announced that its Subsea Services (EMAS AMC) and Offshore Support Services (EMAS Marine) divisions have been awarded projects worth US$110 million. These projects will be executed in the Gulf of Mexico and the Asia-Pacific region.

EMAS AMC’s project wins come from a national oil company operating in the Gulf of Mexico for a SURF type offshore installation project, while the other comes from an oil major operating in Asia for pipeline repair works. Both projects are scheduled to commence before the end of 2013, and will be managed from the Group’s Houston and Singapore offices respectively.
“I am delighted with the steady progress that EMAS AMC has made this year. Not only are we continuing our winning momentum, but we have also demonstrated that we have positively rebounded, and that project execution is reaching a higher level of operational efficiency,” said Ezra’s Group CEO and Managing Director, Lionel Lee. “We are now beginning to see various repeat clients, which mean we are gaining recognition for the good work we are doing.”

Adding to Ezra’s contract wins, EMAS Marine has been awarded three new charters with a national oil company and an oil major in South East Asia for two anchor, handling, towing and supply (AHTS) vessels and a platform supply vessel (PSV). The contracts have an average tenure of around 3.5 years, including options.

“The charter wins are a testament to our strong reputation that we have in the region and proof that EMAS Marine’s consolidation efforts into Asia is paying off,” said Lee.
“While the offshore support market remains challenging, we have been able to ride on our track record and close relationships with operators to continue winning quality, long-term charters for our vessels.”

The Group recently announced a record US$1.26 billion in revenue for its full year results in FY2013, and has approximately US$8 billion worth of projects being tendered. Ezra’s orderbook stands in excess of US$2 billion.

Press Release, October 30, 2013

 

Share this article

Follow Offshore Energy Today

Events>

<< Nov 2019 >>
MTWTFSS
28 29 30 31 1 2 3
4 5 6 7 8 9 10
11 12 13 14 15 16 17
18 19 20 21 22 23 24
25 26 27 28 29 30 1

Africa Oil Week 2020

For over 25 years Africa Oil Week has been the meeting place for Africa’s most senior E&P stakeholders.

read more >

CERAWeek 2020

 Each year, CERA clients gathered for a few days in Houston…

read more >

Offshore Technology Conference (OTC) 2020

The Offshore Technology Conference (OTC) showcases leading-edge technology for offshore drilling, exploration…

read more >

2020 EXPLORATION AND PRODUCTION STANDARDS CONFERENCE ON OILFIELD EQUIPMENT AND MATERIALS

The development of consensus standards is one of API’s oldest and most successful programs.

read more >

Jobs>

Looking to fill a job opening?

By advertising your job here, on the homepage of OffshoreEnergyToday.com, you'll reach countless professionals in the sector. For more information, click below...

apply

Looking to fill a job opening?

By advertising your job here, on the homepage of OffshoreEnergyToday.com, you'll reach countless professionals in the sector. For more information, click below...

apply