Singapore: Ezra Strengthens Foothold in African Market with New US$80m Contract for Fabrication
- Business & Finance
Ezra Holdings Limited (Ezra, the Group or 以斯拉控股), one of the world’s leading integrated support and marine services providers in the offshore oil & gas (O&G) sector, has strengthened its foothold in the African market by bagging a new contract worth up to US$80.0 million.
This contract will see Ezra fabricate and deliver an offshore accommodation structure for an international O&G offshore engineering and construction company to be deployed for a major oil and gas player. The accommodation structure will be manufactured by the Group’s fabrication and engineering services base in Vietnam.
Mr Lionel Lee (黎才德), the Managing Director of Ezra, said: “We expect this contract to contribute positively to earnings. Not only is it our second major win since we deployed our maiden self-propelled jack-up in Africa early this year, it is also a significant milestone for the Group as it affirms the engineering capability of our yards and reinforces our position as a leading global offshore integrated solutions provider.
“We continue to see robust demand for offshore O&G support services, backed by renewed capital expenditure on exploration and production. We are committed to extending our global reach and will continue to actively bid for more contracts, especially in fast-growing markets such as the African and North American offshore sectors.”
In January this year, the Group first gained a firm foothold in the rapidly expanding African offshore O&G market through a maiden self-propelled jack-up contract won by its energy services unit, which forms an integral part of its new deepwater subsea services division. Under this contract, Ezra will charter and operate the vessel, providing various offshore services to support an oil supermajor.
Specialising in offshore support and marine services, Ezra (以斯拉控股) is unique in the offshore oil & gas industry because it offers integrated solutions across a wide spectrum of the support supply chain, over the entire life cycle of an oilfield. With global operations across the globe, the Group currently has offices in the UK, the US, Norway, India, Thailand, Malaysia, Vietnam, Australia and Brunei.
Ezra offers transport and support services through its offshore support division, which manages and operates a young fleet of anchor handling, towing & supply vessels, anchor handling tugs and fast crew utility boats.
The construction and production arm, under approximately 47.3%-owned EOC Limited, offers offshore transport, installation, construction and floating production services for offshore oil and gas production. It manages two heavy lift accommodation crane barges, a pipelay vessel and a floating production, storage & offloading (FPSO) vessel.
Ezra’s marine services division provides marine and offshore support engineering and training services, with logistics and fabrication engineering services offered out of Vietnam through HCM Logistics. The Group has the design and engineering capabilities to undertake subsea installations. It is also able to perform inspection, maintenance and repair work for FPSO vessels as well as offshore installations.
Ezra’s deepwater subsea division offers installation of subsea equipment, umbilicals, risers and flowlines; subsea inspection, maintenance and repair works; well intervention, well stimulation, hydraulic workover and coil tubing services. It will tap into new growth areas as it thrusts into deeper waters and capitalises on the underinvested offshore oil & gas segment.
Source: Ezraholdings, June 2, 2010;