Press release
EMAS sees strong start to 2012 with further global contract wins worth US$120 million
- Contract wins across subsea services (EMAS AMC) and offshore support (EMAS Marine) divisions
- Latest global wins push group backlog to a record of approximately US$1.6 billion
SINGAPORE, 12 January 2012 - EMAS, a leading global offshore contractor and provider of integrated offshore solutions to the oil and gas (O&G) industry and operating brand for Ezra Holdings Limited (Ezra or the Group, 以斯拉控股), today announces two further contract wins worth a total of up to US$120 million for the Group.
The offshore support services division, EMAS Marine, has been awarded a new charter by an oil major for a vessel to be deployed in the Asia Pacific region in the 2nd quarter of 2012. The contract has a one year firm period and an additional option period of two years with an aggregate contract value of up to US$107million (including option periods).
The other contract is for EMAS’s subsea construction division, EMAS AMC, which has been awarded a variation order for additional SURF (subsea, umbilicals, risers and flowlines) installation work. The scope of work worth approximately US$13 million will involve the installation of mooring lines offshore West Africa.
Mr Lionel Lee (黎才德), EMAS’s Managing Director, said: “These latest global contract wins demonstrate EMAS’s twin engines of growth in offshore support and subsea construction. Along with our recent Statoil contract we have boosted the Group’s backlog to a record of approximately US$1.6 billion and have built a solid foundation for further growth in the years ahead.”
ABOUT THE GROUP www.emas.com
SGX mainboard listing: December 2005
EMAS – a leading global offshore contractor providing construction, marine, production and well
intervention services – is the operating brand for Ezra Holdings Limited. Adept in delivering best-value solutions, EMAS has entrenched itself as an emerging adjunct in the oil and gas (O&G) industry by combining its customised approach with a diverse offering of assets and services designed to fully meet clients’ needs. It operates globally with offices in 16 locations across five continents spanning Africa, the Americas, the Asia-Pacific and Europe.
Having completed the acquisition of Aker Marine Contractors AS in 2011, the Group has added one of the world’s leading SURF (subsea umbilicals, risers & flowlines) and floater installation providers to its fold. Ezra, through EMAS, operates four main business segments that together have the ability to execute a full spectrum of seabed-to-surface engineering, construction, marine and production services throughout the world.
FOR INVESTOR OR ANALYST ENQUIRIES
EMAS
Mr Tay Chin Kwang, +65 9877 8881
chinkwang@emas.com
or
OAKTREE ADVISERS
Ms Nora Cheng, +65 9634 7450
noracheng@oaktreeadvisers.com
FOR MEDIA ENQUIRIES
EMAS
Mr Alex Tan, +65 9841 0392
alex.tan@emas.com
EMAS OSLO
Ms Helene Loken, +47 41 66 33 64
Helene.loken@emas.com
EMAS HOUSTON
Ms Jeanne Righter, +1 832 487 7307
Jeanne.righter@emas.com
or
PELHAM BELL POTTINGER ASIA
Mr Matthew Law, +65 6333 3449
mlaw@pbp.asia