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Ezra bags $131.5m in contracts

Ezra bags $131.5m in contracts
Singapore: Ezra, a global offshore services provider, announced on Monday that it won three contracts worth a total of approximately $131.5m.

Ezra's fabrication division Triyards was awarded a $76.5m contract to fabricate and deliver a self-elevating mobile offshore platform/unit for a client based in Asia-Pacific. The unit will be manufactured by the fabrication division's yard in Vung Tau, Vietnam.

The Singapore-listed Ezra also unveiled that its subsea division EMAS AMC clinched a $55m contract for subsea umbilicals, risers and flowlines installation and pipelay from Statoil for work in the North Sea.

Lionel Lee, managing director at Ezra, said: “Our continued stream of new contract wins across the globe by our various divisions validates our internationalisation strategy. We had identified subsea services for our next phase of growth, and since our strategic acquisition of Aker Marine Contractors last year to form EMAS AMC, we have been able to push our group orderbook to almost $2bn in a short span of a year.”