Petroleum Africa
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Friday, May 23, 2014
Ezra Holdings Ltd. has won contracts around the world and across its subsea services and offshore support services divisions totaling more than $95 million (including options).The contracts come out of Africa, Asia, Gulf of Mexico, and the North Sea.
The group’s offshore support services arm, EMAS Marine, was 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.
Its subsea services arm, EMAS AMC, secured a number of jobs in the Gulf of Mexico and the North Sea, including a variety of cable lay and subsea installation contract wins for a total value of almost $40 million (including options). Among the projects EMAS AMC is scheduled to do, one entails the longest HVAC (High Voltage Alternate Current) cable lays in the world, at 99 miles (160 kms) in the North Sea.
“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.”
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