NYK Buys Stake in EMAS Chiyoda Subsea
NYK has acquired a 25 percent share of EMAS Chiyoda Subsea Limited (ECS), based on an agreement signed on June 10 with Ezra Holdings Limited (Ezra) and the Chiyoda Corporation (Chiyoda). ECS is a global player in the engineering, procurement, construction, and installation (EPCI) of subsea facilities — essential components in offshore oil and gas field development. After this acquisition, ECS’s shareholding structure will shift to Ezra 40 percent, Chiyoda 35 percent, and NYK 25 percent. Based on its medium-term management plan emphasizing differentiation through the use
Ezra Wins $110m Deepwater Brazilian Contract
Ezra Holdings Limited today announced that the Group’s wholly owned subsidiary London Marine Consultants (LMC), Ezra’s Floating Production, Storage and Offloading (FPSO) Turret Design outfit has been awarded a contract by Sembcorp Marine’s subsidiary Jurong Shipyard of Singapore, to supply an external turret mooring system for the Libra field’s Extended Well Test (EWT) FPSO vessel. The Libra oil field is a large, ultra-deepwater (up to 2,500metres) oil prospect located in the Santos Basin, about 230 kilometres off the coast of Rio de Janeiro, Brazil, north of Tupi
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
Ezra Holdings Limited, a contractor and provider of integrated offshore solutions to the oil and gas industry, achieved a record revenue of $1 billion for the nine months ended May 31, 2014 (9M14), a 24% increase from $842.9 million in the previous corresponding period (9M13). revenue 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
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 AMC’s Flagship Vessel Contracted
EMAS AMC, the subsea services division of EMAS, a leading global offshore contractor and provider of integrated offshore solutions to the oil and gas (O&G) industry and the operating brand of Ezra Holdings Limited, has announced that it has been awarded a major contract by Houston based VAALCO Gabon (Etame) Inc. for the expansion of the Etame Marin Field Offshore Gabon in West Africa. The scope of work encompasses the EPIC of rigid pipelines along with the transportation and installation of flexible pipelines and two fixed production platforms. This contract will see EMAS AMC’s
EMAS AMC Partners with Cecon for Pipelay Work
Lewek Centurion (formerly Caesar) to install pipelines in support of existing Cecon projects. EMAS AMC, the subsea services division of EMAS, a global offshore contractor and provider of integrated offshore solutions to the oil and gas (O&G) industry and the operating brand of Ezra Holdings Limited, announced that its pipelay vessel, the Lewek Centurion has been contracted by Cecon in the North Sea for some 60 kilometers of pipeline installation work, in support of Cecon’s 2013 project commitments currently in-hand. Both parties have expressed a shared commitment to explore
EMAS AMC Secures $75 million SURF EPCI Statoil Contract
EMAS AMC, the subsea services division of EMAS, a global offshore contractor and provider of integrated offshore solutions to the oil and gas industry and the operating brand of Ezra Holdings Limited, announced today that it has been awarded a subsea engineering, procurement and offshore construction contract from Statoil for the Smørbukk South Extension’s project. The contract is valued at approximately $75 million. Discovered in 1985, the Smørbukk South Extension holds estimated recoverable reserves of 16.5 million barrels of oil equivalent, and will be developed with a new
February 2024
