Ezra Reports another Quarter of Growth
continue to focus on operations and securing long-term charters. Contracts win momentum remains strong with close to $90 million in new contracts announced in 3Q14, of which a majority in value is long-term in nature.” The group has recently announced the consolidation of EMAS Marine into EOC Limited, creating Asia’s largest offshore support services by asset value, with a fleet worth of more than $1 billion. This will enable Ezra to focus on its Subsea Services business while continuing to participate in the growth of the Offshore Support Services business. The transaction is subject
Singapore's Ezra Holdings Profits Rocket
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 the oil and gas (O&G) industry, adds that it achieved a record revenue of US$1 billion for the nine months ended 31 May 2014 (“9M14”), a 24% increase from US$842.9 million in the previous corresponding
Ezra to Consolidate EMAS Marine into EOC
Ezra Holdings Limited today announced plans to consolidate its Offshore Support Services division, EMAS Marine, into its associated company, EOC Limited, which is listed on the Oslo Børs, Norway. Upon completion of the transaction, the enlarged EOC Group will be one of the largest offshore support operators in Asia Pacific by asset value, managing an offshore services platform comprising over $1 billion in offshore support assets. Its diverse and versatile fleet of 50 offshore vessels is among the youngest in the region. The fleet has a combined bollard pull of almost 4,000 tons, more than 37
EMAS Wins Subsea Projects Worth More han $125M
well positioned to compete for the many upcoming projects in the region.” EMAS reported strong top-line growth with operational profitability in 1QFY14 and the group’s orderbook currently stands at above $2 billion. In a separate announcement, the group’s associated company, EOC Limited, announced a $100 million award for the Lewek Conqueror, a hook up and maintenance accommodation barge, for work in South East Asia. emas.com
EOC's FPSO Sale Completion Extended
completion of EOC's majority equity interest in the owning and operating of the FPSO 'Perisai Kamelia' (formerly known as 'Lewek Arunothai' has been put back to 31, August 2013. The vessel is to be sold according to an earlier agreement between to Perisai Petroleum Technologi BHD (Perisai) from EOC Limited. Labuan, Malaysia (being the state of incorporation of one of the Target Entities) relating to the transfer of shares in a Labuan-incorporated company, the Company and Perisai have agreed that completion of the FPSO Sale will be extended from 15 August 2013 to 31 August 2013. EOC Limited offers
February 2024
