Singapore's offshore support and marine services provider EZRA Holdings Ltd. has secured contracts for four of its deepwater anchor handling, towing, and supply vessels.
Offshore staff
(Asia-Pacific) - Singapore's offshore support and marine services provider EZRA Holdings Ltd. has secured contracts for four of its deepwater anchor handling, towing, and supply vessels.
Estimated to be worth about $58.85 million, the contracts are for a minimum one year on average, and a maximum five years, excluding extension options averaging eight months.
The value of the firm portion is about $42.4 million, and the extension options are worth $10.2 million, says EZRA.
EZRA says it operates one of the youngest fleets of specialized vessels serving Asia's offshore oil & gas industry and is in the midst of expanding the fleet to 31 by end of financial year 2008 from its current 16.
