EMAS AMC Wins $110 Million in Subsea Contracts
EMAS AMC, the subsea services arm of offshore contractor Ezra Holdings Inc. has won upwards of $110 million in new contracts according to a statement today by the Singapore-listed company.
The scope of work for the projects include the transport and installation of subsea structures in Africa, inspection, maintenance and repair work in the Gulf of Mexico, as well as support services for a deepwater project with an oil major in the Asia Pacific.
Mr Lionel Lee, Ezra’s Group CEO and Managing Director notes the contract wins follow “successive operationally profitable quarters.”
“I am confident that EMAS AMC’s business will continue to grow in terms of contract value and project complexity in the coming years,” added Lee.
Ezra Holdings recently announced that in the first three quarters of FY14, revenue had crossed the US$1 billion mark due to EMAS AMC’s strong operational performance, which in turn had boosted its contribution to overall revenue with an additional US$200.6 million compared with the same period last year.
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