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Ezra Holdings

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Ezra Holdings Ltd
Company typePublic
SGX: 5DN
IndustryPetroleum Oil & Gas
Founded1992
HeadquartersSingapore, Oslo, Houston
Area served
Worldwide
Key people
Mr Lionel Lee (Managing Director), Mr Koh Poh Tiong (Non-Executive Chairman)
ProductsOffshore engineering and construction
RevenueUS $984.2 million (2012)[1]
Number of employees
5,500 <mid-sized>(January 2012)[1]
Websitewww.ezraholdings.com www.emas.com

Ezra Holdings Ltd, also known under their operating brand name of EMAS, is an integrated offshore support provider for the oil and gas industry. The business was founded in 1992 and is headquartered in Singapore. Ezra was listed on the Singapore Exchange Securities Trading Limited (SESDAQ) and promoted to Mainboard on 8 December 2005.[4][5]

History

EMAS was founded in 1992 by Mr Lee Kian Soo.[6] Headquartered in Singapore,[7] EMAS is now an offshore service provider, with offices in 16 locations across 5 continents

  • 1992 Founded. Incorporated EMAS Offshore to provide management and operation of offshore support vessels
  • 2003 Launch of Initial Public Offering (IPO) in Singapore [8]
  • 2005 Acquisition of Vietnam Fabrication Yard, Asian Technical Maritime Services Ltd (ATMS) through wholly owned subsidiary HCM Logistics Limited & Promoted to SGX Main Board [9]
  • 2007 Buys strategic stake of 21.83% for S$16.5m in SGX-listed Nylect Technology Limited to extend its oil & gas support services activities [10]
  • 2008 Listing of Production & Construction division, EOC Limited, on the Mainboard of the Oslo Stock Exchange raising approximately US$ S$260 million [11]
  • 2011 Acquisition of Aker Marine Contractors AS (AMC) from Aker Solutions AS (a subsidiary of Oslo Bǿrslisted Aker Solutions ASA)[5]
  • 2011 Singapore's EMAS wins three charters worth $73 million[12]
  • 2014 EMAS wins Asia Pacific and West Africa contracts for FPSO work worth $125 million[6]
  • 2014 EMAS confirms various contract deals across the globe adding a further $95 million to the contract back catalog for the company [13]

The Company

Ezra Holdings, through EMAS, operates four main business segments that together have the ability to execute a full spectrum of life-of-field engineering, construction, marine and production services throughout the world.[14]

  • EMAS Energy provides well intervention and drilling services both onshore and offshore. The range includes workover, drilling, fluid pumping, nitrogen and pipeline & process services.[15]
  • EMAS Marine manages and operates a fleet of anchor handling, towing & supply vessels, anchor handling tugs, platform supply vessels and fast crew utility boats. These vessels support the O&G industry in a wide range of offshore operations throughout the oilfield life cycle.[16]
  • EMAS Production, under approximately 46.5%-owned EOC Limited, owns and operates FPSO facilities, offering services such as FPSO conversion management and the operation & maintenance of production facilities. It has the capability and track record to design and provide FPSO/FSO mooring & riser systems and turrets, and fluid transfer systems.[17]

The Group offers offshore fabrication and construction, logistics, engineering and support services out of Vietnam from its yard facilities in Ho Chi Minh City and Vung Tau, as well as in Hinna, Norway and Houston, USA.[18]

Latest News

EMAS AMC has been awarded a contract to carry out offshore installation services for US supermajor Chevron in the Gulf of Thailand.[19]

Management

Mr Lee Kian Soo serves as Executive Chairman of EMAS while Mr Lee Chye Tek Lionel serves as the Managing Director of EMAS. As Managing Director, Mr Lionel Lee manages its business and oversees day-to-day operations.

Deep Water (EMAS AMC Division)

EMAS recently announced the completion of the acquisition of Aker Marine Contractors (AMC) of Houston in March 2011.[20] The acquisition propels EMAS into the top ranks of the global SURF/EPIC services market.

EMAS recently said that it aims to win around $300 million of new subsea service contracts in Asia by April as the depletion of shallow fields in the region results in more deepwater drilling projects.[21]

EMAS says to buy Aker Marine for $325 million.[22]

References

  1. ^ a b "Annual Report 2012" (PDF). Ezra Holdings.
  2. ^ http://ezra.listedcompany.com/misc/ar2012.pdf. {{cite web}}: Missing or empty |title= (help)
  3. ^ "Ezra Holdings Limited". Yahoo Finance.
  4. ^ "EMAS Website". EMAS Website. Retrieved 2011-08-03.
  5. ^ a b "EMAS". Business Wire. Retrieved 2011-08-03. Cite error: The named reference "EMAS AMC" was defined multiple times with different content (see the help page).
  6. ^ a b "Ezra lands $125m contract for Asia, West Africa". Oil Patch Asia. Retrieved 6 March 2014.
  7. ^ "Company History". EMAS website. Retrieved 2011-07-26.
  8. ^ "Ezra IPO". Share Investor. Retrieved 2011-08-03.
  9. ^ "Acquisition of Vietnam Fabrication Yard". Offshore Shipping Online. Retrieved 2011-08-03.
  10. ^ "Ezra takes a bite of Nylect". Upstream. Retrieved 2011-08-03.
  11. ^ "EOC Listing on Oslo-Boers". Oslo-Boers. Retrieved 2011-08-03.
  12. ^ "Singapore's Ezra wins three charters worth $73 million". Reuters. 2011-01-12. Retrieved 2011-08-03.
  13. ^ http://www.tradewindsnews.com/offshore/337915/new-deals-net-ezra-95m
  14. ^ "Ezra Seals AMC Acquisition". Bloomberg website. Retrieved 2011-03-01.
  15. ^ "EMAS completes installation of 38km umbilical for Shell in Gulf of Mexico". Offshore Energy Today. Retrieved 2011-05-19.
  16. ^ "EMAS AMC Completes Installation of 38km Umbilical for Shell in Gulf of Mexico". Subsea world News. Retrieved 2011-05-19.
  17. ^ "EMAS Production is set to take delivery of one of Vietnam's largest Floating Production Storage and Offloading vessels". Offshore Energy Today. Retrieved 2011-04-15.
  18. ^ "Fabrication, Construction & Engineering". EMAS. Retrieved 2011-08-11.
  19. ^ "Ezra vaults towards its US$1b order book goal". Business Times. Retrieved 2011-08-22.
  20. ^ "EMAS AMC". Bloomberg website. Retrieved 2011-07-26.
  21. ^ "Deepwater in Asia". Reuters website. 2011-06-15. Retrieved 2011-06-15.
  22. ^ "Singapore's Ezra says to buy Aker Marine for $325 mln". Reuters. 2010-10-22. Retrieved 2011-08-03.
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