Ezra Holdings starts 2HFY16 strong with US$300 million worth of new deepwater wins

By Curious

Ezra Holdings Limited, a leading contractor and provider of integrated offshore solutions to the oil and gas industry, announced earlier today that it has received the awards for several new deepwater projects from international oil majors. The awards are valued at approximately US$300 million in aggregate and will be executed in various offshore oil producing regions in the Gulf of Mexico, Southeast Asia and West Africa. Furthermore, the awards include the Group’s largest project win to-date in West Africa.

Ezra Holdings starts 2HFY16 strong with US$300 million worth of new deepwater wins

Image courtesy: Ezra Holdings

The scope of work for these new projects include project management, engineering, procurement, fabrication, construction as well as transport and installation of flexibles, umbilicals, flowlines, flowline-end terminals, flying leads and other equipment. Further to this, the Group will also undertake hook-up of pre-laid mooring systems.

Mr. Lionel Lee, Ezra’s Group CEO and Managing Director, said, “We are delighted to have been selected for these projects. Over the years, we have successfully developed a proven track record for completing the most technically demanding projects. Against the backdrop of such challenging and competitive industry conditions, these latest contract awards stand as exceptionally strong testaments to the market’s confidence in our team and our offerings. We are grateful for these opportunities to further galvanise our reputation and look forward to safely delivering on these projects on time and on target.”

Project management and engineering work for the projects have already started.

Source: Ezra Holdings