Ezra wins contracts worth US$ 110 million

Ezra Holdings Limited, a leading contractor andprovider of integrated offshore solutions to the oil and gas (O&G) industry, hasannounced that its Subsea Services division, EMAS AMC, has been awardedseveral projects around the world worth close to US$ 110 million, includingoptions.

The scope of work for the projects include the transport and installation ofsubsea structures in Africa, inspection, maintenance and repair work in the Gulfof Mexico, as well as support services for a deepwater project with an oil majorin the Asia Pacific.

“I am very pleased and encouraged that EMAS AMC has continued its winningmomentum globally,” said Mr Lionel Lee, Ezra’s Group Chief Executive Officer and ManagingDirector.

“This comes on the back of successive operationally profitable quarters and asour extensive global client base is steadily endorsing our subsea capabilities, Iam confident that EMAS AMC’s business will continue to grow in terms ofcontract value and project complexity in the coming years.”

The Group recently announced that its 9MFY14 revenue had crossed the US$ 1billion mark due to EMAS AMC’s strong operational performance, which in turnhad boosted its contribution to overall revenue with an additional US$ 200.6million compared with the same period last year.

Adapted from press release by Hannah Priestley-Eaton

Read the article online at: https://www.worldpipelines.com/business-news/05082014/ezra-wins-contracts-worth-us-110-million/