Finance & Investing
News Services
Get free industry updates via email.
Daily News
Weekly News
Equipment Updates
Weekly Job Register
Monthly Event Guide
Our privacy


Ezra Scores Double Korean Contract Win Worth $200M

change text size

Singapore's Ezra Holdings said Thursday that its subsea unit – EMAS AMC – has secured two contracts with its South Korean clients worth around $200 million.

The first contract was awarded by STX Offshore & Shipbuilding for the provision of engineering and project management work in offshore Africa. Work starts immediately, and offshore execution is slated to start in 2015.

The second contract was awarded by Daewoo Shipbuilding & Marine Engineering for one of its accommodation and hook-up support vessels, also for operations in offshore Africa. Offshore execution for this project is slated to start in 1Q 2014.

"Our double contract wins demonstrate Ezra's abilities to deliver advanced turnkey projects in emerging markets through the utilization of our high-end installation assets under EMAS AMC," Ezra's Managing Director Lionel Lee said in a published statement.

"This is a good start to [Ezra's] 2013 financial year as the company's subsea arm has had weak momentum over the past 6 months. We keep our order win assumptions for [Ezra's] 2013 financial year at $900 million," CIMB Analyst Lim Siew Kee said in an opinion statement released Thursday.


Post a Comment Generated by readers, the comments included herein do not reflect the views and opinions of Rigzone. All comments are subject to editorial review. Off-topic, inappropriate or insulting comments will be removed.

Most Popular Articles
From the Career Center
Jobs that may interest you
Heavy Pump Mechanic
Expertise: Maintenance Technician|Mechanic
Location: Thompson, TX
Sr Project Controls Manager
Expertise: Project Controls
Location: Houston, 
Expertise: Civil Engineering|Mechanical Engineering|Petroleum Engineering
Location: Louisiana, 
search for more jobs