Press release
EMAS’s offshore construction division awarded Chevron contract
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), continues to boost its orderbook of marine and/or offshore construction contracts. The latest contract win was awarded to EMAS AMC, the Group’s offshore construction division, by Chevron Thailand Exploration and Production Ltd, Chevron Offshore (Thailand) Ltd and Chevron Pattani Ltd (collectively, “Chevron Thailand”).
This award will see EMAS AMC installing a number of wellhead platforms and associated pipelines in the Gulf of Thailand. This project is expected to commence in early 2012 for a three year firm period (2012 – 2014) with an option period for an additional two years (2015 – 2016), which in aggregate is estimated to increase the orderbook for EMAS AMC to over US$600 million.
Mr Lionel Lee (黎才德), EMAS’s Managing Director, said: “This award is an important milestone for us and reaffirms the growing relationship that we have with Chevron in the Asia Pacific region”.
“The total subsea orderbook for EMAS AMC is now past the halfway mark and is closer to our short-term target of US$1 billion for the segment. EMAS AMC is moving steadily closer towards becoming fully integrated within the EMAS Group and the combined entity will propel us towards our objective of being a global leader in marine and offshore construction.”
ABOUT THE GROUP
EMAS – a leading global offshore contractor providing construction, marine, production and well
intervention services – is the operating brand for Ezra Holdings Limited (以斯拉控股). Adept in
delivering best-value solutions, EMAS has entrenched itself as a powerful 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.
Amplifying the broad assets and services offered by EMAS, the technical strength and service
record at EMAS AMC will allow the Group to provide comprehensive offshore seabed-to-surface
construction services to the O&G industry globally. The service offerings include subsea
construction, IMR (inspection, maintenance & repair), floater and FPSO (floating, production,
storage & offloading) installation, SURF installation, pipelay & heavylift, floatover installation and
decommissioning.
EMAS Energy provides well intervention and drilling services both onshore and offshore, offering
fully integrated solutions that combine its marine assets with cutting-edge intervention equipment
and services. The range includes workover, drilling, fluid pumping, nitrogen and pipeline & process
services.
EMAS Marine manages and operates a young and diverse fleet of anchor handling, towing &
supply vessels, anchor handling tugs, platform supply vessels and fast crew utility boats. These
vessels support the O&G industry in a wide range of offshore operations throughout the oilfield
life cycle.
EMAS Production, under approximately 46.5%-owned EOC Limited, owns and operates FPSO
facilities, offering services such as FPSO conversion management and the operation & maintenance
of production facilities. It has the capability and track record to design and provide FPSO/FSO
mooring & riser systems and turrets, and fluid transfer systems. In addition, the Group offers fabrication, engineering, logistics and support services out of Norway, US and Vietnam.
FOR INVESTOR OR ANALYST ENQUIRIES
MR TAY CHIN KWANG
EMAS
+65 9877 8881
chinkwang@emas.com
FOR MEDIA ENQUIRIES
MR ALEX TAN
EMAS
+65 9841 0392
alex.tan@emas.com
MR MATTHEW LAW
PELHAM BELL POTTINGER ASIA
+65 6333 3449
mlaw@pbp.asia