EMAS racks up USD 65m-worth of subsea contracts

Submitted by Paddy Harris on Fri, 2015-01-30 16:50

30th January 2015

Ezra Holdings has announced that the group’s subsea services division, EMAS AMC, has secured multiple contracts from various energy companies valued at more than USD 65m (including options)

Work on the various project activities has commenced with offshore execution taking place in 2015 and 2016

Scope of work includes project management, engineering, and transportation and installation works for a floating production storage offloading (FPSO) vessel in Africa, as well as various engineering and offshore construction support contracts.

Work on the various project activities has commenced with offshore execution taking place in 2015 and 2016.

“Despite the current headwinds faced by the oil and gas industry, our tendering activities remain healthy,” said Lionel Lee, Ezra’s Group CEO and managing director.

“We sit in the value chain where it is more resilient. Since the beginning of 2015, the group has announced contract wins totalling more than USD 355m. I am delighted that we are consistently being recognised for our track record and engineering capabilities across the development and support of offshore oilfields by our clients.”