EMAS AMC Bags USD 65 Mln in Contracts

Ezra Holdings’ Subsea Services division, EMAS AMC, has secured multiple contracts from various energy companies valued at more than US$65 million (including options).

Scope of work includes project management, engineering, and transportation and installation works for a floating production storage offloading (FPSO) vessel in Africa, as well as various engineering and offshore construction support contracts.

Work on the various project activities has started with offshore execution taking place in 2015 and 2016, the company reported.

“Despite the current headwinds faced by the oil and gas industry, our tendering activities remain healthy,” said Lionel Lee, Ezra’s Group CEO and Managing Director.

“We sit in the value chain where it is more resilient. Since the beginning of 2015, the Group has announced contract wins totalling more than US$355 million. I am delighted that we are consistently being recognised for our track record and engineering capabilities across the development and support of offshore oilfields by our clients.”