Ezra Nets $95 Mln in New Contracts

Ezra Holdings Limited announced today that the Group has won contracts around the world and across its Subsea Services and Offshore Support Services divisions totalling more than $95 million.

Ezra’s Subsea Services arm, EMAS AMC, continues its winning momentum in the North Sea and Gulf of Mexico with a variety of cable lay and subsea installation, contract wins for a total value of almost $40 million (including options).

Amongst the projects EMAS AMC is scheduled to do, is one of the longest HVAC (High Voltage Alternate Current) cable lays in the world, at 160km in the North Sea.

The Group’s Offshore Support Services arm, EMAS Marine, was also awarded several contracts in Africa and Asia, with an aggregate value of more than $55 million (including options).

Under these contracts, EMAS Marine will be deploying one Anchor Handling Tug and Supply (AHTS) and two Platform Supply Vessels (PSV) in Africa, and another five AHT/AHTS and one PSV in Asia.

With the latest contracts, the Group order-book stands at more than 2 billion USD of contracts, with a majority expected to be executed over the next 12 to 18 months.

 

May 21, 2014,

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