Ezra Clinches $95M Contracts for Subsea, Offshore Support Services

Ezra Holdings Limited (Ezra or the Group), a leading contractor and provider of integrated offshore solutions to the oil and gas (O&G) industry, announced Wednesday that the Group has won contracts around the world and across its Subsea Services and Offshore Support Services divisions totalling more than $95 million (including options).

Ezra’s Subsea Services arm, EMAS AMC, continues its winning 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 $40 million (including options). Amongst the projects EMAS AMC is scheduled to do, is one of the longest HVAC (High Voltage Alternate Current) cable lays in the world, at 99 miles (160 kilometers) in the North Sea.

The Group’s Offshore Support Services arm, EMAS Marine, was also awarded several contracts in Africa and Asia, with an aggregate value of more than $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 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 $2.0 billion of contracts, with a majority expected to be executed over the next 12 to 18 months.

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