12 May 2013

 Ezra wins four contracts worth US$120m


Offshore contractor Ezra Holdings on Friday announced four contract wins totaling nearly US$120 million (S$159.6 million) ofprojects in the Gulf of Mexico, West Africa and the Philippines.

Two projects - one in the Gulf of Mexico and one in West Africa - were clinched by its subsea services division EMAS AMC from two major oil companies, it said.

The African contract entails project management and installation of flexible risers, hydraulic umbilicals and anchor chains, as well as pre-commissioning services.

It was secured with a local joint venture partner and offshore works will likely begin in the second quarter of 2013.

The contract in the Gulf of Mexico is a strategic deepwater contract for the project management and installation of flowlines, umbilicals, jumpers and flying leads. It is scheduled to start in the third quarter of 2013, Ezra added.

Separately, its offshore support services division, EMAS Marine, also secured a eight-year contract, including options, for offshore exploration work with a major Philippines oil firm, as well as another five-year contract extension for one of their vessels in West Africa.