Ezra bags $300M in new deepwater project wins
- Business & Finance
Ezra Holdings, a provider of integrated offshore solutions to the oil and gas industry, has received the awards for several new deepwater projects from international oil companies valued at approximately $300 million.
Ezra said on Monday that these contracts will be executed in various offshore oil producing regions in the Gulf of Mexico, Southeast Asia and West Africa. Furthermore, Ezra said, the awards include the group’s largest project win to-date in West Africa.
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.
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.”
The company also added that project management and engineering work for the projects have already started.