EMAS Demonstrates All-round Strength

Press Release
Monday, January 14, 2013

More than US$160 million worth of contracts won by the subsea services, offshore support services divisions, and the energy services division.  Projects located in the North Sea and Asia Pacific


EMAS, the operating brand of Ezra Holdings, a global offshore contractor and provider of integrated offshore solutions to the oil and gas (O&G) industry, has announced that its subsea services, offshore support services and energy services divisions (EMAS AMC, EMAS Marine and EMAS Energy respectively) have been awarded multiple contracts for projects in the North Sea and Asia Pacific.


EMAS AMC has been awarded several new contracts and options worth up to US$85 million in aggregate for several projects in the North Sea and Asia. This includes a project with an oil major in the Asia Pacific region worth up to US$45 million.


Other awards include a new subsea and moorings installation contract relating to a development project for an independent oil company in Malaysia as well as additional work in the North Sea from Statoil from the exercise of options and variation orders relating to existing subsea contracts announced in March 2012 and January 2012 respectively.


EMAS Marine has been awarded five contracts worth a total of approximately US$75 million (including options) from international and independent oil companies. These involve some of the division’s advanced 12,000 bhp Anchor Handling Tug and Supply vessels as well as a 3,250 dwt Platform Supply Vessel. The average tenor for all contracts is approximately 2.6 years including options.


EMAS Energy has won a multimillion-dollar contract to decommission a pipeline in the Gulf of Thailand for a major oil and gas operator. This award adds to EMAS Energy’s ongoing Plug and Abandonment/Decommissioning activities in the Gulf of Thailand, and entrenches its position as a significant offshore decommissioning services company in the region.


Mr Lionel Lee, EMAS’s Managing Director, said: “These project awards demonstrate our sustained commitment to the North Sea and Asia Pacific markets. They further serve as a vote of confidence on our execution ability, as well as strengthen our track record across our business lines. The consistent performance of our businesses will enable us to continue to deliver success in our internationalisation strategy as we embark on our third decade of operations.”

Maritime Today


The Maritime Industry's original and most viewed E-News Service

Maritime Reporter July 2016 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds

Contracts

New 'Mega Passenger Ship' for Star Cruises

Elomatic Ltd and Deltamarin Ltd have signed a tri-party engineering contract with shipbuilder MV Werften for the design of Star Cruises’ new Global Class “mega passenger ship,

Daewoo Shipbuilding: $1.4 bln order Cancelled

Cancelled order part of Statoil's Bressay project. South Korea's Daewoo Shipbuilding & Marine Engineering Co Ltd on Friday said a 1.58 trillion won ($1.41 billion)

Asia Tankers-VLCC Rates Falter on Oil, Tanker Supplies

MidEast, West Africa rates hit 11-month low. Freight rates for very large crude carriers (VLCCs), which hit an 11-month low this week, could slide further next

Energy

China Refineries Enters Global Oil Trade

During the last year, China’s “teapot” refiners are helping to boost China’s crude import demand and their influence is expanding, says Clarkson Research Services.

First US LNG Shipment Goes to China

The first liquefied natural gas vessel from the lower 48 U.S. states is on its way to China, according to a Reuters interactive map on Friday, the latest sign that

Swiber Applies for Judicial Management Instead of Liquidation

Singapore oilfield services company Swiber Holdings Ltd said on Friday it has applied to place itself under judicial management instead of liquidation.   Swiber

News

U.S. Awards $61.8 Mln for Port Projects

U.S. Transportation Secretary Anthony Fox today announced 40 awards totaling nearly $500 million in funding for the  FY 2016 Transportation Investment Generating Economic Recovery (TIGER) grants.

DP World takes over Rodney Container Terminal, Canada

DP World has signed a long-term lease agreement for the expansion and operation of the multi-purpose Rodney Container Terminal at Saint John, New Brunswick, Canada.

MED AMERICAS will Replace MGE Service

CMA CGM is revamping it MGE service becoming the MED AMERICAS, stand-alone CMA CGM service with dedicated fleet of 11 vessels of 2,500 TEU, in a continuous effort to improve service coverage,

Offshore Energy

Swiber Applies for Judicial Management Instead of Liquidation

Singapore oilfield services company Swiber Holdings Ltd said on Friday it has applied to place itself under judicial management instead of liquidation.   Swiber

US Oil Drillers Add Rigs for 5th Week in a Row

U.S. drillers this week added oil rigs for a fifth consecutive week, Baker Hughes Inc said on Friday, but the oilfield services provider and some analysts cast

Damen PSV for Wilson Sons Ultratug Offshore

Wilson Sons Ultratug Offshore, a joint venture between Wilson Sons and the Chilean maritime services provider Ultramar, has taken delivery of a Damen PSV 5000.

 
 
Maritime Careers / Shipboard Positions Maritime Contracts Maritime Security Maritime Standards Offshore Oil Pod Propulsion Salvage Ship Simulators Shipbuilding / Vessel Construction Winch
rss | archive | history | articles | privacy | contributors | top maritime news | about us | copyright | maritime magazines
maritime security news | shipbuilding news | maritime industry | shipping news | maritime reporting | workboats news | ship design | maritime business

Time taken: 0.1405 sec (7 req/sec)