Ezra offshore construction division awarded Chevron contract

emaslogoSingapore-listed Ezra Holdings Limited  reports that its offshore construction division, EMAS AMC, has been awarded a contract by Chevron Thailand that will see it installing wellhead platforms and associated pipelines in the Gulf of Thailand.

The project is set to start in early 2012 for a three year firm period (2012  -  2014) with an option period for an additional two years (2015  -  2016), which in aggregate is estimated to increase the orderbook for EMAS AMC to over US$600 million.

Mr. Lionel Lee, Ezra's Managing Director, said: "This award is an important milestone for us and reaffirms the growing relationship that we have with Chevron in the Asia Pacific region."

"The total subsea orderbook for EMAS AMC is now past the halfway mark and is closer to our short-term target of US$1 billion for the segment. EMAS AMC is moving steadily closer towards becoming fully integrated within the EMAS Group and the combined entity will propel us towards our objective of being a global leader in marine and offshore construction."

August 16, 2011

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