EMAS, the operating brand of Ezra Holdings, 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 (EMAS AMC) and Offshore Support Services (EMAS Marine) divisions have been awarded projects worth approximately US$505 million. These projects will be executed in the North Sea, Africa, the Gulf of Mexico and the Asia-Pacific region.

EMAS AMC has received a letter of intent for a US$120 million project offshore West Africa in 2014 utilising its flagship vessel, the Lewek Constellation together with the Lewek Express. Based on its heavy-lift capabilities, the Lewek Constellation will execute jacket and deck installation, with the Lewek Express undertaking the SURF and rigid pipeline installation scope. Designed to execute complex projects in a safe, efficient and reliable manner in water depths exceeding 3,000m, the Lewek Constellation is an ice-classed, high-end, multi-lay offshore construction vessel with heavy lift capabilities.

"We are extremely delighted with Lewek Constellation, one of only a handful of vessels in its class globally. This project marks the beginning of a new chapter for EMAS. We look forward to reaching ‘new depths’ in our offerings of subsea services and engineering solutions for our clients," said Mr Lionel Lee, Group Managing Director of EMAS."

EMAS AMC’s foothold in the global subsea sector is further strengthened with a further four contracts added to its strong portfolio. The first is a US$105 million contract awarded by an oil major to support a deepwater project in West Africa, while two other awards won by EMAS AMC are located in the Gulf of Mexico with a combined value of US$53 million. The fourth and most recent win is from an oil major in the North Sea with a value of up to US$126 million including options. The earliest commencement for these projects is in 2013, while others are scheduled to run through to 2016.
"To continue our strong momentum, we are now steadily seeing the results from our increased activity in Africa, the Gulf of Mexico and the North Sea," said Mr Lee. "EMAS AMC is gaining increased traction and market recognition and in the near future, we will be able to gain further market share with additional project enabling assets such as the Lewek Centurion, Lewek Express and Lewek Constellation, which are all coming into service relatively soon."

Adding to EMAS’s contract wins, EMAS Marine was awarded five time charter contracts, for a Platform Supply Vessel (PSV) and four Anchor Handling, Towing and Supply (AHTS) vessels. These charters were awarded by oil majors and national and independent oil companies. The charters, to be carried out in the Asia Pacific region, are worth a total of US$102 million (including options). The average tenor of these contracts is approximately 2.2 years.

"The contract wins in the Asia Pacific region highlight our competitive edge in offshore support services for the region. They include longer term charters in Malaysia and Thailand where we are focusing our resources on growth to strengthen our leadership position in Asia," said Mr Lee.

EMAS AMC has won an aggregate of approximately US$1.4 billion for the current financial year to date, which includes approximately US$1.1 billion of projects which have been announced.

About EMAS
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 prides itself in having the right people and solutions for 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.
Operating in unison, Ezra’s core divisions are able to execute a full spectrum of seabed-to-surface engineering, construction, marine and production services anywhere in the world.
EMAS AMC – created after the acquisition of Aker Marine Contractors AS, is a global EPCIC service provider of comprehensive subsea-to-surface solutions for the offshore construction sector, in particular the buoyant subsea segment. Core business offerings include subsea construction, umbilicals/power cables, pipelines, platforms, FPSO and floater installations.
EMAS Energy provides well intervention and drilling services both onshore and offshore, offering fully integrated solutions that combine its marine assets with state-of- the-art intervention equipment and services.
EMAS Marine manages and operates a young, versatile fleet of advanced offshore support vessels, offering an extensive range of maritime services that cater to the client’s needs throughout a field’s life cycle. It also manages EMAS AMC’s fleet of construction assets and third-party vessels.
EMAS Production, under approximately 45.7%-owned EOC Limited, owns and operates cutting-edge FPSO (floating production, storage and offloading) facilities, offering services that support the post-exploration needs of offshore fields, such as FPSO conversion management.
TRIYARDS is fast becoming an acknowledged leader in developing advanced and customised solutions for world-class vessels. By focusing on sophisticated platforms and equipment that can tackle even the most complex offshore projects, it has already established itself as a front runner in the fabrication of SEUs (self-elevating, mobile offshore units). TRIYARDS provides its integrated engineering, ship construction and fabrication services out of three yard facilities located in Vietnam and the US.