Singapore-listed Ezra wins new contracts worth $119m

SINGAPORE - Offshore services company Ezra Holdings said on Wednesday it has won more than US$95 million (S$119 million) in contracts for its subsea services and offshore support services.

The company's subsea services unit, EMAS AMC, secured orders of almost US$40 million, including options, it said. These include laying one of the longest high voltage alternate current cables in the world, at 160km, in the North Sea.

Its offshore support services arm, EMAS Marine, also clinched deals for work in Asia and Africa.

EMAS Marine will be deploying one anchor handling tug and supply vessel in Africa and five in Asia, as well as two platform supply vessels in Africa and one in Asia.

"The projects that EMAS AMC is winning are growing in quality and complexity, which is a recognition of how far we have developed our subsea engineering capabilities," said Ezra's group chief executive and managing director Lionel Lee.

The latest wins bring Ezra's order book to more than US$2 billion, most of which are expected to be carried out over the next 12 to 18 months.