Ezra wins three subsea contracts

Ezra Holdings Ltd. has received three letters of awards/intent for subsea contracts valued at about $85 million.

Offshore staff

SINGAPORE – Ezra Holdings Ltd. has received three letters of awards/intent for subsea contracts valued at about $85 million.

All the projects are expected to start within the next six months. EMAS AMC, the group’s subsea construction division, will provide the provision of subsea umbilical, riser and flowline (SURF) installations, platform installations, offshore support and accommodation services for various offshore field development projects in waters off Indonesia, Papua New Guinea, Russia and Western Australia.

Lionel Lee, Ezra’s managing director, said: “The total subsea orderbook for Ezra Group has now swelled to more than $300 million. This is set to expand further as the subsea construction sector grows in response to depleting shallow fields and increased energy demands from nations such as China and India. These latest wins further demonstrate our ability to pull in top clients from the O&G sector who have challenging projects that require exacting precision and timely execution, for which we have established a track record for.”

07/15/2011

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