Ezra Holdings bags global contracts worth over $154.4 million

SINGAPORE - Singapore-listed service provider Ezra Holdings announced that its subsea services division has clinched several global contracts valued at more than US$115 million (S$154.4 million), including options, a company release stated on Monday.

The contracts include laying of 23.2 km rigid pipeline for Aviat field development in the UK North Sea and engineering and offshore support in West Africa for an oil major undertaken together with Ezra's subsidiary EMAS Offshore Limited.

It will also deploy Lewek Centurion to undertake work in Asia, which includes subsea pipeline free span work, well plug and abandonments, slickline and nitrogen operations, well stimulation and pipeline pre-commissioning work for a variety of oil majors and national oil companies.

Subsea services is Ezra's largest segment chalking 70 per cent of its revenue in financial year ended 31 August 2014.

"EMAS AMC has the infrastructure, engineering capabilities and the vessel capacities for complex pipe lay, umbilical lay and subsea installation work," Ezra's chief executive and managing director Lionel Lee said.