Ezra Holdings

Last updated

Ezra Holdings Ltd
Company typePublic company
SGX: 5DN
Industry Petroleum Oil & Gas
Founded1992
HeadquartersSingapore, Oslo, Houston
Area served
Worldwide
Key people
Mr Lionel Lee (managing director), Mr Koh Poh Tiong (Non-Executive chairman)
Products Offshore engineering and construction
RevenueUS$543.8 million (2015) [1]
US$90.3 million (2015) [1]
Total assets US$32.3 million (2017)> [2]
Number of employees
291 (April 2017) [3]
Website www.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]

Contents

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

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. [15]

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. [19]

EMAS AMC has been awarded a contract to carry out offshore installation services for US supermajor Chevron in the Gulf of Thailand. [20]

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. [21] 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. [22]

EMAS says to buy Aker Marine for $325 million. [23]

Bankruptcy

Ezra filed for U.S. bankruptcy in March 2017. [24]

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References

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