Singapore offshore services firm Ezra clinches projects worth $136m

Ezra Holdings, a Singapore Exchange mainboard-listed offshore services provider, said on Wednesday that two of its units have been awarded projects worth US$110 million (S$136 million).

The company's subsea services division won a contract for an offshore installation project from a national oil company operating in the Gulf of Mexico, as well as a deal for pipeline repair works from an oil major operating in Asia.

Both projects are due to start this year and will be managed from the group's offices in Houston, Texas and in Singapore respectively, Ezra said.

Meanwhile, its offshore support services divison also bagged three new charters with a national oil company and an oil major in Southeast Asia. It will provide a platform supply vessel and two anchor, handling, towing and supply vessels.

These contracts have an average tenure of about three and a half years, including options, said Ezra.