Ezra Holdings Starts 2HFY16 Strong with US$300 Million Worth of New Deepwater Wins
Tuesday 21 June 2016
Ezra Holdings Limited (“Ezra” or the “Group”), a leading contractor and provider of
integrated offshore solutions to the oil and gas industry, is pleased to announce 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.
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.