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Ezra lands multiple deepwater contracts worth $300m

Ezra lands multiple deepwater contracts worth $300m
Singapore’s Ezra Holdings has started the second half of 2016 by receiving contracts worth approximately $300m on new deepwater projects from international oil majors.

The projects will be executed in various offshore oil producing regions such as Gulf of Mexico, Southeast Asia and West Africa. Ezra pointed out that the awards include the group’s largest project win to-date in West Africa.

“Over the years, we have successfully developed a proven track record for completing the most technically demanding projects,” said Lionel Lee, group ceo and managing director of Singapore-listed Ezra.

“Against the backdrop of such challenging and competitive industry conditions, these latest contract awards stand as exceptionally strong testament to the market’s confidence in our team and our offerings.”

The scope of work for these new projects include project management, engineering, procurement, fabrication, construction, transport and installation of various equipment, as well as hook-up of pre-laid mooring systems.

Ezra stated that project management and engineering work for the projects have already started.