Nippon Yusen to Invest in EMAS Chiyoda Subsea Services JV
Japanese shipper Nippon Yusen Kaisha (NYK) has agreed to invest in EMAS Chiyoda, a subsea services joint venture between oilfield services firm Ezra Holdings Ltd and Chiyoda Corp, Ezra said in a statement late on Friday. Singapore's Ezra, through its EMAS AMC subsidiary, plans to sell a 10 percent stake in the joint venture for $36 million, while engineering company Chiyoda will sell a 15 percent stake. Once the deal is completed, Ezra will hold 40 percent of the joint venture, Chiyoda 35 percent, while NYK will hold 25 percent. Ezra, one of the city-state's many oilfield service firms hit by a
JFSE to Aid FSO Replacement at Bouri Pilfield
James Fisher Subsea Excavation (JFSE), part of James Fisher and Sons plc, will deploy its tools and expertise to support its client, EMAS-AMC, at the Bouri oilfield with post-lay trenching and backfilling services. Global offshore marine construction contractor EMAS-AMC is responsible for the engineering, procurement, installation and commissioning of new offshore facility, FSO Gaza, at the Bouri oilfield. Bouri, considered to be the Mediterranean’s largest producing oilfield 120 km from the Libyan shore, is operated by Italian oil company Eni with the National Corporation of
Pipelay Vessel Sets Tension Record during Trials
EMAS AMC’s flagship construction vessel, Lewek Constellation, sets industry record during sea trials in the Gulf of Mexico EMAS AMC, the subsea division of EMAS, a global offshore contractor and provider of integrated offshore solutions to the oil and gas industry, announced that its flagship subsea construction vessel, Lewek Constellation, has established an industry record for pipelay in the U.S Gulf of Mexico (GOM). In preparation for the execution of three subsea tie-back projects for Noble Energy, Lewek Constellation performed her final pipelay trial in the U.S. GOM in 7
Ezra Bags $70m in Offshore Contracts
Ezra Holdings Limited, a leading contractor and provider of integrated offshore solutions to the oil and gas industry, today announced that the Group’s Subsea Services division, EMAS AMC, has won multiple new awards from various energy companies valued at over US$70 million. The scope of work includes subsea installation of umbilicals, flowlines and jumpers, as well as provision of services to support rigs. Work has commenced for several projects, with the others slated for offshore execution from Q4 2014 to Q2 2015. “I am delighted to see that our customers are leveraging our
Ezra Reports another Quarter of Growth
for the three months ended May 31, 2014 (3Q14) has also outperformed previous year (3Q13), increasing 27% to $402.1 million. Adjusted EBITDA for the group grew 144% to $125.4 million and adjusted profit after tax turned from a loss of $43.5 million in 9M13 to a profit of $25 million in 9M14. EMAS AMC, Ezra’s Subsea Services division, maintained its strong performance, sustaining four consecutive quarters of operational profitability. The division’s contribution to the group’s 9M14 revenue increased by $200.6 million as compared to 9M13. This is due to higher fleet capacity
Singapore's Ezra Holdings Profits Rocket
Ezra informs that it has sustained another quarter of growing revenues and improving operating performance with fiscal 9M 2014 revenues crossing the US$1 billion mark. Highlights Gross profit up 73% to US$163.6 million in 9M14 on strong contribution from Subsea Services division EMAS AMC demonstrates continuous operational profitability Stabilising EMAS Marine platform with new contracts momentum in 3Q14 Focus on Subsea Services business with the consolidation of EMAS Marine into EOC Limited Ezra, a leading contractor and provider of integrated offshore solutions to
EMAS AMC Installs 50 Platforms for Chevron
EMAS AMC, the subsea services division of EMAS, a global offshore contractor and provider of integrated offshore solutions to the oil and gas industry has achieved the milestone of installing 50 platforms for Chevron in the Gulf of Thailand. Under a multiyear contract that commenced in 2011, EMAS AMC has also laid 376km of subsea pipes utilizing the construction vessel Lewek Champion, a DP2 rigid pipe laying vessel with heavy lift capabilities. Chevron has since extended the contract to 2015 with a further option thereafter. In 2014, EMAS AMC is expected to install 25 pipelines and 10 platforms
LDD Install Piles at Offshore Gabon, W. Africa Field
deliver a specialist foundation installation programme, including drilling, grouting, lifting and handling to VAALCO Gabon (Etame) Inc., the operator of the Etame Marin block. The fieldwork phase for the LDD operation started in April. For the jacket installation, LDD says it will work closely with EMAS AMC to install four 48-in.-outside-diameter piles for each jacket. Each pile will be 140 m in length, including a penetration of approximately 50 m below the mudline. The piles will be inserted into sockets drilled below the pile at each leg using 54-in.-diameter underreaming drill bits. LDD will
EMAS Wins Subsea Projects Worth More han $125M
of integrated offshore solutions to the oil and gas industry, today announced that the group has been awarded subsea construction and offshore support contracts in Asia Pacific and West Africa with a combined value exceeding $125 million, including options. Following contract wins in January, EMAS AMC continued its momentum with subsea contracts awarded in West Africa and Asia, including a deepwater pipeline installation project in the South China Sea. The scope of work includes FPSO mooring repair work in West Africa, and in Asia, the installation of flowlines, associated PLETS (Pipeline End
February 2024
