Ezra books subsea and offshore contracts worth $95 million

MAY 21, 2014 — Singapore based Ezra Holdings report that its subsea services and offshore support services divions have been awarded contracts totaling more than US$95 million, including options.

Subsea Services division, EMAS AMC has been awarded several contracts for work in the North Sea and Gulf of Mexico, including, at 160 km, one of the world's longest HVAC cable lay jobs.

Offshore Support Services division, EMAS Marine has strengthened its presence in Africa and Asia with a slew of contract wins since March 2014.

EMAS AMC, continues its momentum in the North Sea and Gulf of Mexico with a variety of cable lay and subsea installation, contract wins for a total value of almost US$40 million (including options). Amongst the projects, is one of the longest HVAC (High Voltage Alternate Current) cable lays in the world, at 160 km in the North Sea.

EMAS Marine has been awarded several contracts in Africa and Asia, with an aggregate value of more than US$55 million (including options). Under these contracts, EMAS Marine will be deploying one Anchor Handling Tug and Supply (AHTS) and two Platform Supply Vessels (PSV) in Africa, and another five AHT/AHTS and one PSV in Asia.

"I am delighted that our core divisions are strengthening their presence in all our target markets," said Mr. Lionel Lee, Ezra's Group CEO and Managing Director.

"The projects that EMAS AMC is winning are growing in quality and complexity, which is a recognition of how far we have developed our subsea engineering capabilities.

"As for EMAS Marine, we had identified Africa as a key market to expand, even as we maintain our leadership position in the Asia-Pacific region. These wins by the division reinforces our strategy and I believe that EMAS Marine will grow from strength to strength as the year progresses under its new leadership."

With the latest wins, the Group orderbook stands at more than US$2.0 billion of contracts, with a majority expected to be executed over the next 12 to 18 months.

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