HOUSTON--(BUSINESS WIRE)--The deepwater subsea services arm (EMAS AMC) of Ezra Holdings Limited (Ezra, the Group or 以斯拉控股), a leading integrated support and marine services provider in the offshore oil & gas (O&G) sector, today announces the completion of Ezra’s acquisition of Aker Marine Contractors AS (AMC) of Houston.
Ezra, which operates in the offshore market under the EMAS brand name, successfully completed the acquisition of AMC from Aker Solutions AS (a subsidiary of Oslo Bǿrs-listed Aker Solutions ASA) on 1 March 2011 (please refer to the separate announcement made by Ezra on 1 March 2011 for further details on the completion of the acquisition). With the established SURF (subsea umbilicals, risers & flowlines) and floater installation company AMC under its fold, Ezra’s EMAS AMC now has a comprehensive offering that includes the installation of subsea/SURF products and equipment, and the provision of EPIC (Engineering, Procurement, Installation & Construction) solutions globally.
The Group’s Managing Director, Mr Lionel Lee (黎才德), said: “Our ability to provide comprehensive and innovative SURF and EPIC solutions at all water depths is now widely recognised by the industry.”
EMAS AMC is now a clear contender for such projects globally, backed by AMC’s sterling reputation in this area and Ezra’s entrenched EMAS brand. We are confident of building a solid order backlog that will optimise utilisation of our fleet and other assets.”
Looking ahead, Mr Lee commented: “Given the bright outlook for the offshore O&G sector, we expect subsea activities to intensify. We also expect to provide an expanded range of services as clients move to boost operating efficiency as well as keep pace with new industry standards for crew safety and environmental protection.
ABOUT THE COMPANY
www.emas.com
EMAS, a recognised leading global offshore contractor providing construction, marine, production and well intervention services, is the operating brand of Ezra Holdings Limited (以斯拉控股). EMAS specialises in delivering best-value solutions and has become a powerful alternative in the oil and gas (O&G) industry by combining a customised approach along with a widely diverse offering of assets and services to meet clients’ needs. EMAS operates globally with offices in 16 locations across five continents including Africa, Americas, Asia Pacific, Australia, and Europe.
The completion of the acquisition of Aker Marine Contractors AS in 2011 adds one of the world’s leading SURF and floater installation providers with a history of renowned accomplishments to the Group. Ezra, through EMAS, has four main business segments which together have the capability to execute a full spectrum of seabed-to-surface engineering, construction, marine and production services throughout the world.
EMAS AMC’s technical strength and track record in combination with EMAS’ broad assets and services provide comprehensive offshore seabed-to-surface construction services to the O&G industry globally. Our service offerings include subsea construction, IMR (Inspection, Maintenance and Repair), Floater and FPSO (floating production, storage and offloading vessel) Installation; SURF (subsea umbilicals, risers and flowlines) Installation; Pipelay & Heavylift; Floatover Installation and Decommissioning.
EMAS Energy provides well intervention and drilling services onshore and offshore, offering a fully integrated solution from marine assets to intervention equipment and services. Our range of services includes Workover, Drilling, Fluid Pumping, Nitrogen and Pipeline and Process Services.
EMAS Marine manages and operates a young and diverse fleet comprising anchor handling, towing & supply vessels, anchor handling tugs, platform supply vessels and fast crew utility boats. These vessels support the offshore O&G industry in a wide range of offshore operations throughout the oilfield life cycle.
EMAS Production, under approximately 47.3%-owned EOC Limited, owns and operates FPSO facilities, including FPSO conversion management and the operation & maintenance of production facilities. It possesses the capability and track record to design and provide FPSO/FSO Mooring & Riser Systems and Turret, and Fluid Transfer Systems.
In addition, the Group offers fabrication, engineering, logistics and support services out of Vietnam through HCM Logistics Limited and yard facilities in Ho Chi Minh City and Vung Tau.
Other media releases on the company can be accessed at www.oaktreeadvisers.com