Emas Offshore Construction Pte. Ltd., a subsidiary of Ezra Holdings Ltd., has awarded a contract to Labroy Shipbuilding and Engineering Pte. Ltd. for supply of a heavy-lift/pipelay/accommodation barge. The contract is valued at approximately $24.72 million, excluding additional cost of equipment to be provided by Ezra worth up to $60 million.
The 142-m long vessel is being fitted with an 800-metric ton crane, capacity for pipelay work, and a quarters module to accommodate up to 350 personnel. The newbuild vessel will come equipped with a DP2 system, which will enable it to operate in water depths exceeding 1,000 m.
Ezra says that the launch of this new construction vessel adds to its growing portfolio of oil and gas services and marks another milestone in the company's move upstream. The vessel is scheduled for delivery by the 3Q 2007.
(Aug. 24, 2005)