Monday, March 5, 2012

Ezra wins 2 contracts worth $165m

Ezra Holdings said it has won two contracts totalling US$131.5 million ($165.2 million).

Subsea construction division, EMAS AMC, won a contract for installation and pipe lay from Statoil valued at US$55 million ($69 million).

The subsea development, Fram H Nord, is situated in the northern part of the North Sea.

Meanwhile, its fabrication division, Triyards, won a US$76.5 million contract to fabricate and deliver a self-elevating mobile offshore platform/unit for an Asia Pacific-based client.

The two contract wins bring Ezra a step closer to a record US$2 billion order book.

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