Press release

Ezra grows orderbook with new subsea awards to the Group

  • US$85 million worth of Letters of Awards for subsea services across Asia-Pacific
  • New deals affirm Ezra’s sustained efforts to spur development across all divisions

Ezra Holdings Limited (“Ezra”, and together with its subsidiaries and associated companies, the “Group”), a leading global offshore contractor and provider of integrated offshore solutions to the oil and gas (O&G) industry, continues to boost its orderbook of subsea contracts with three Letters of Awards / Letters of Intent (LOAs) with an aggregate value of approximately US$85 million being secured by the Group.

These awards will see EMAS AMC, the Group’s subsea construction division, executing projects across the Asia-Pacific region. All these projects are expected to commence within the next six months. The scope of work under these LOAs include the provision of subsea umbilical, riser and flowline (SURF) installations, platform installations, offshore support and accommodation services for various offshore field development projects in waters off Indonesia, Papua New Guinea, Russia and Western Australia for oil majors, national as well as independent oil and gas companies.

Mr Lionel Lee (黎才德), Ezra’s Managing Director, said: “The total subsea orderbook for Ezra Group has now swelled to more than US$300 million. This is set to expand further as the subsea construction sector grows in response to depleting shallow fields and increased energy demands from nations such as China and India. These latest wins further demonstrate our ability to pull in top clients from the O&G sector who have challenging projects that require exacting precision and timely execution, for which we have established a track record for.”

ABOUT THE GROUP
SGX mainboard listing: December 2005

OAKTREE ADVISERS, YOUR IR PARTNER
EZRA HOLDINGS LIMITED
15 Hoe Chiang Road
#15-01 Tower Fifteen
Singapore 089316
INCORPORATED IN SINGAPORE
COMPANY REGISTRATION NO. 199901411N

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 six 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

OAKTREE ADVISERS, YOUR IR PARTNER
EZRA HOLDINGS LIMITED
15 Hoe Chiang Road
#15-01 Tower Fifteen
Singapore 089316
INCORPORATED IN SINGAPORE
COMPANY REGISTRATION NO. 199901411N

MR TAY CHIN KWANG
EMAS
+65 9877 8881
chinkwang@emas.com

MS NORA CHENG
OAKTREE ADVISERS
+65 9634 7450
noracheng@oaktreeadvisers.com

FOR MEDIA ENQUIRIES

MR ALEX TAN
EMAS
+65 9841 0392
alex.tan@emas.com

MS CAROL CHONG
OAKTREE ADVISERS
+65 9475 3167
carolchong@oaktreeadvisers.com
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