Marine Link
Tuesday, September 27, 2016

EMAS Starts 2012 Strong with $120 million Contract

January 14, 2012

EMAS sees strong start to 2012 with further global contract wins worth US$120 million - 12 January 2012.

EMAS, a global offshore contractor and provider of integrated offshore solutions to the oil and gas (O&G) industry and operating brand for Ezra Holdings Limited (5DN.SI) (Ezra or the Group, 以斯拉控股), today announces two further contract wins worth a total of up to US$120 million for the Group. The offshore support services division, EMAS Marine, has been awarded a new charter by an oil major for a vessel to be deployed in the Asia Pacific region in the 2nd quarter of 2012. The contract has a one year firm period and an additional option period of two years with an aggregate contract value of up to US$107million (including option periods).

 

The other contract is for EMAS’s subsea construction division, EMAS AMC, which has been awarded a variation order for additional SURF (subsea, umbilicals, risers and flowlines) installation work. The scope of work worth approximately US$13 million will involve the installation of mooring lines offshore West Africa

 

Mr Lionel Lee (黎才德), EMAS’s Managing Director, said: “These latest global contract wins demonstrate EMAS’s twin engines of growth in offshore support and subsea construction. Along with our recent Statoil (STO) contract we have boosted the Group’s backlog to a record of approximately US$1.6 billion and have built a solid foundation for further growth in the years ahead.”
 



Maritime Reporter Magazine Cover Sep 2016 - Maritime & Ship Security

Maritime Reporter and Engineering News’ first edition was published in New York City in 1883 and became our flagship publication in 1939. It is the world’s largest audited circulation magazine serving the global maritime industry, delivering more insightful editorial and news to more industry decision makers than any other source.

Subscribe
Maritime Reporter E-News subscription

Maritime Reporter E-News is the subsea industry's largest circulation and most authoritative ENews Service, delivered to your Email three times per week

Subscribe for Maritime Reporter E-News