Ezra to list FPSO operator

Singapore's offshore support service company Ezra Holdings Ltd. is seeking a separate overseas listing for its wholly-owned subsidiary EOC Pte. Ltd., a production and construction division that would be operating the company's first FPSO, as well as a series of other vessels.

Offshore staff

SINGAPORE -- Singapore's offshore support service company Ezra Holdings Ltd. is seeking a separate overseas listing for its wholly-owned subsidiary EOC Pte. Ltd., a production and construction division that would be operating the company's first FPSO, as well as a series of other vessels.

Ezra says EOC has appointed Pareto Securities ASA of Norway to assist working toward a separate listing to raise capital to acquire Ezra's FPSO and construction vessels.

Ezra has raised $39 million for fleet expansion, including vessel acquisitions, the company says.

The listing would enable Ezra to grow its offshore support services fleet at a pace that can meet the buoyant offshore oil and gas industry's demand, says Lionel Lim, managing director.

3/14/2007

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