Ezra awarded new subsea projects worth almost US$80 million

Ezra Holdings Limited ("Ezra", the "Group" or 以斯拉控股), a leading global offshore contractor and provider of integrated offshore solutions to the oil and gas (O&G) industry, today announced that its Subsea Services division (EMAS AMC) been awarded projects worth a total of approximately US$80million, including options.



The scope of these projects cover a large spectrum of subsea work, including the decommissioning and towage of an FPSO in Asia and the deployment of an Inspection, Maintenance and Repair (IMR) vessel in the Americas. Work for a majority of the contracts is expected to commence by the first half of 2014.

"We are extremely pleased with these contract wins, which allows us to showcase the breadth of capabilities that EMAS AMC possesses as well as our global reach," said Ezra’s Group CEO and Managing Director, Mr Lionel Lee.

"It is an auspicious start to the new year. We are seeing a good pick up of activities in the key regions where we are focused on, and we are well-positioned to take advantage of the upturn in 2014."


The Group began the year with strong top-line growth with operational profitability, registering a 22% jump to US$339.8 million in revenue compared to the corresponding period in FY13. The Group’s subsea orderbook stands at more than US$1.4 billion, and is still tendering for some US$9 billion in projects worldwide.

ABOUT THE GROUP www.emas.com

SGX Mainboard listing: December 2005
 EMAS – a leading global contracting group providing offshore/subsea construction, marine, production and well intervention services – is Ezra’s operating brand. With offices across five continents, it delivers best-value solutions to the oil and gas (O&G) industry by combining its global footprint and proven engineering skills with a diverse offering of premium assets and services designed to fully meet clients’ needs.

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