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Ezra wins two landmark contracts worth $80million


Published Jan 21, 2010
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Ezra Holdings Limited

Ezra Holdings Limited has accelerated its thrust to be one of the world’s leading integrated support and marine services provider in the offshore oil & gas (O&G) sector.

The Group, which moved decisively into Norway and Houston in the USA, has gained a foothold in the fast growing African offshore O&G market through a maiden self-propelled jack-up contract won by its Energy Services unit, an integral part of Ezra’s new Deepwater Subsea Services division.

On top of this contract, the same unit also inked a well-intervention contract which establishes Ezra’s position as a dominant player amongst global energy services providers. Both contracts are worth up to approximately US$80 million (including extension options) in aggregate, with an average contract tenor of up to approximately 4.1 years (including option periods).

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