EMAS Wins Trinidad and Tobago Contract

Monday 7 September 2015

Ezra Holdings Limited ("Ezra" or the "Group"), a leading contractor and provider of integrated offshore solutions to the oil and gas ("O&G") industry, announced today that its subsea services division, EMAS AMC, has finalized a contract with BHP Billiton for the Angostura phase 3 development offshore Trinidad and Tobago in the eastern Trinidadian sector of the Venezuela basin.

The total scope of work includes the project management, fabrication, construction and installation of 12-inch flowline along with a complete subsea package comprised of control umbilicals and detailed engineering, construction and installation of the pipeline end manifold (PLEM) and inline sled (ILS) for the Angostura phase 3 field development located approximately 35 km northeast of Trinidad and Tobago.

Engineering and procurement are currently under way from EMAS AMC's Houston office with fabrication of the subsea structures and stalking and spooling of flowlines to be carried out at EMAS Marine Base facility in Ingleside, Texas. Offshore execution is scheduled for mid-2016, utilizing the Lewek Express subsea construction and reel lay vessel.

"I am grateful for the opportunity to partner with BHP Billiton on this key development in Trinidad and Tobago, which is an exciting new market for us," said Mr Lionel Lee, Ezra Group CEO and Managing Director, "This award is especially rewarding for EMAS AMC as it draws on our ability to provide the best overall solution through our full spectrum of one-stop-shop capabilities, including project management, detailed engineering, pipelay, subsea installation, fabrication, survey and commissioning."

Ezra has also recently announced that they have signed a binding Memorandum of Understanding for Chiyoda Corporation to invest in Ezra's Subsea Services business, EMAS AMC, to form EMAS CHIYODA Subsea – a 50:50 Joint Venture.

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