Singapore's 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 its Subsea Services Division, EMAS AMC has signed a six year long term agreement (LTA) with one of the world largest national oil company, Saudi Aramco, with exercisable options to extend for another six years (2x3 years), in a consortium with India's Larsen & Toubro Hydrocarbon Engineering (LTHE).
Under the awarded LTA, LTHE and EMAS AMC will execute offshore projects with Saudi Aramco that include work such as project management, engineering, procurement, fabrication, transportation and installation works (EPCI) of offshore facilities such as platforms, pipelines, submarine cables and other offshore services.
“This long term agreement is the embodiment of our working relationship with LTHE and Saudi Aramco, and is aligned with our subsea strategy of focusing our capabilities and expertise where tendering activities remain robust,” said Lionel Lee, Ezra’s Group CEO and managing director.
“We are grateful to Saudi Aramco for giving us this opportunity to showcase our project enabling assets and operational excellence in the Middle East, and this endorsement will drive the subsea business forward, bolstering our track record as a global solutions provider.
“We are also very excited to partner LTHE in this undertaking. I am confident that between LTHE and ourselves, we will deliver safe and timely projects in the Middle East, and I look forward to a very fruitful long-term partnership.”
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