Ezra subsidiaries EMAS Offshore and EMAS Energy have secured new contract awards and letters of intent amounting to approximately US$40 million, including options, since the start of Q3 FY2016.
EMAS Energy’s new contract award will see the division supporting an oil major on well stimulation and well plugging activities in the Gulf of Thailand.
Separately, EMAS Offshore has also announced earlier1 that it has secured new awards and letters of intent for charter contracts with national oil companies, international oil companies and other offshore contractors in Southeast Asia and West Africa.
“While the key business teams have been forging ahead in their tendering efforts, we have also been putting a stronger structure in place for future growth,” Lionel Lee, Ezra’s CEO and managing director said. “With the finalization of our recent EMAS CHIYODA Subsea joint venture transaction, we believe we are now better-placed to drive our business forward through a more comprehensive offering.”