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Ezra’s EMAS bags over $65m worth of subsea services contracts

Ezra’s EMAS bags over $65m worth of subsea services contracts
EMAS AMC, Ezra’s subsea services division, has bagged multiple contracts and options valued at more than $65m from various energy companies.

The scope of work includes project management, engineering, and transportation and installation works for a FPSO vessel in Africa, as well as various engineering and offshore construction support contracts.

Work on the various project activities has commenced with offshore execution taking place in 2015 and 2016.

“Despite the current headwinds faced by the oil and gas industry, our tendering activities remain healthy,” said Lionel Lee, group ceo and managing director of Ezra.

“We sit in the value chain where it is more resilient. Since the beginning of 2015, the group has announced contract wins totalling more than $355m,” Lee added.

Meanwhile, Singapore’s Ezra has a total backlog of approximately $2.5bn with the majority of contracts expected to be executed over the next 12-18 months.