Ezra wins $95M in offshore services contracts

Ezra Holdings Limited, a contractor and provider of integrated offshore solutions to the oil and gas industry, has been awarded contracts around the world and across its Subsea Services and Offshore Support Services divisions totalling more than US$95 million.

Ezra’s Subsea Services arm, EMAS AMC, continues its winning momentum in the North Sea and Gulf of Mexico with a variety of cable lay and subsea installation, contract wins for a total value of almost US$40 million (including options). Amongst the projects EMAS AMC is scheduled to do, is one of the longest HVAC (High Voltage Alternate Current) cable lays in the world, at 160km in the North Sea.

The Group’s Offshore Support Services arm, EMAS Marine, was also awarded several contracts in Africa and Asia, with an aggregate value of more than US$55 million (including options). Under these contracts, EMAS Marine will be deploying one Anchor Handling Tug and Supply (AHTS) and two Platform Supply Vessels (PSV) in Africa, and another five AHT/AHTS and one PSV in Asia.

“I am delighted that our core divisions are strengthening their presence in all our target markets,” said Lionel Lee, Ezra’s Group CEO and Managing Director.“The projects that EMAS AMC is winning are growing in quality and complexity, which is a recognition of how far we have developed our subsea engineering capabilities. As for EMAS Marine, we had identified Africa as a key market to expand, even as we maintain our leadership position in the Asia-Pacific region. These wins by the division reinforces our strategy and I believe that EMAS Marine will grow from strength to strength as the year progresses under its new leadership.” 

With the latest wins, the Group orderbook stands at more than US$2.0 billion of contracts, with a majority expected to be executed over the next 12 to 18 months.

 

Press Release, May 21, 2014

 

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