Ezra wins US$110 million contract from Jurong Shipyard for Brazil project

Mainboard-listed Ezra Holdings announced on Monday that its wholly owned subsidiary London Marine Consultants (LMC) has been awarded a contract by Sembcorp Marine's subsidiary Jurong Shipyard, to supply an external turret mooring system for its Libra oil field in Brazil.

The Libra oil field is a large, ultra-deepwater (up to 2,500 metres) oil prospect located in the Santos Basin, about 230 kilometres off the coast of Rio de Janeiro, Brazil. The oil field is estimated to contain recoverable resources ranging between eight billion to 12 billion barrels of oil and is one of the largest deepwater oil accumulations globally.

LMC scope of supply includes engineering, procurement and construction of the complete external turret. LMC will also design the mooring lines, analyse the risers and provide engineering support.

Said Ezra CEO and Managing Director Lionel Lee: "This contract highlights our diverse capabilities in the offshore oil and gas industry. We acquired LMC back in 2008 to enhance our engineering capabilities for the offshore oil and gas value chain, and this has enabled more business opportunities for us."

Engineering and project management are currently underway in the Group's London office, with turret fabrication planned at Triyards in Vietnam, another Ezra subsidiary.