Global Leader in International Subsea Industry News

posted in:

  • Home>
  • Subsea News
  • >
  • Asia,
  • Europe,
  • Oceania,
  • >
  • EMAS demonstrates all-round strength of its business divisions with multiple wins in subsea services, offshore support services and energy services di

EMAS demonstrates all-round strength of its business divisions with multiple wins in subsea services, offshore support services and energy services di

Monday, Jan 14, 2013

- More than US$160 million worth of contracts won by the subsea services, offshore support services divisions, and the energy services division

- Projects located in the North Sea and Asia Pacific

EMAS, the operating brand of Ezra Holdings, a leading global offshore contractor and provider of integrated offshore solutions to the oil and gas (O&G) industry, announced today that its subsea services, offshore support services and energy services divisions (EMAS AMC, EMAS Marine and EMAS Energy respectively) have been awarded multiple contracts for projects in the North Sea and Asia Pacific.

EMAS AMC has been awarded several new contracts and options worth up to US$85 million in aggregate for several projects in the North Sea and Asia. This includes a project with an oil major in the Asia Pacific region worth up to US$45 million.

Other awards include a new subsea and moorings installation contract relating to a development project for an independent oil company in Malaysia as well as additional work in the North Sea from Statoil from the exercise of options and variation orders relating to existing subsea contracts announced in March 2012 and January 2012 respectively.

EMAS Marine has been awarded five contracts worth a total of approximately US$75 million (including options) from international and independent oil companies. These involve some of the division’s advanced 12,000 bhp Anchor Handling Tug and Supply vessels as well as a 3,250 dwt Platform Supply Vessel. The average tenor for all contracts is approximately 2.6 years including options.

EMAS Energy has won a multimillion-dollar contract to decommission a pipeline in the Gulf of Thailand for a major oil and gas operator. This award adds to EMAS Energy’s ongoing Plug and Abandonment/Decommissioning activities in the Gulf of Thailand, and entrenches its position as a significant offshore decommissioning services company in the region.

Mr Lionel Lee, EMAS’s Managing Director, said: “These project awards demonstrate our sustained commitment to the North Sea and Asia Pacific markets. They further serve as a vote of confidence on our execution ability, as well as strengthen our track record across our business lines. The consistent performance of our businesses will enable us to continue to deliver success in our internationalisation strategy as we embark on our third decade of operations.”

 

Source: EMAS

posted in:

  • Home>
  • Subsea News
  • >
  • Asia,
  • Europe,
  • Oceania,
  • >
  • EMAS demonstrates all-round strength of its business divisions with multiple wins in subsea services, offshore support services and energy services di

Other Subsea News

Hallin commences new offshore installation support project in Bay of Bengal 17-04-2014
Integrated Oceaneering team combines technologies for Australian success 16-04-2014
Technip Heerema Alliance wins major Kaombo subsea contract offshore Angola 16-04-2014
Subsea Technologies Ltd. celebrates year of growth and move to new premises with place in the final of Scottish Business Awards 15-04-2014
AISUS Offshore achieves turnover in excess of £1million in first year in business 15-04-2014
Aker Solutions Wins Contract to Deliver Subsea Production System for Total's Kaombo Development in Angola 15-04-2014
Rise in demand for rental equipment offshore drilling projects predicted 14-04-2014
Angola: Total launches the development of Kaombo, an ultra-deep offshore project 14-04-2014
Subsea 7 S.A. share repurchase 11-04-2014
Aker Solutions to supply subsea manifolds for Petrobras pre-salt fields 11-04-2014