Ezra Holdings Limited a leading integrated support and marine services provider in the offshore oil and gas (O&G) sector, announced that it has won fresh charters worth up to US$73 million in total for three of its offshore support vessels, including two recently added multi-purpose platform supply vessels (PSVs).
The charter contracts and/or letters of award signed with EMAS Offshore Pte Ltd, the Group’s operating entity for offshore support services, will see an anchor handling, towing and supply (AHTS) vessel and the two PSVs deployed in Asia. In aggregate, the average period for the new charters will exceed three years (with extension options exercised), consistent with the Group’s strategy of securing long-term charters.
Mr Lionel Lee, Ezra’s Managing Director, said: “The fixtures reflect the strong and growing demand for offshore support vessels as development and production activities increase in the oil and gas sector, which is expected to keep our fleet utilisation high.
“The quick deployment of our recently added PSVs illustrates Ezra’s proven understanding of the market for offshore support vessels, and the ability to identify the right vessel types to enable us to ride on rising demand. We will continue to pursue new charter opportunities to boost the already steady stream of recurrent income enjoyed by the Group.”
Last November, the Group announced that it had won new contracts worth approximately US$51 million in all to charter out five AHTS vessels and a PSV to oil majors – both national and independent players – for operations in the Asia-Pacific.
Specialising in offshore support and marine services, Ezra is unique in the offshore oil and gas (O&G) industry as it offers integrated solutions across a wide spectrum of the support supply chain, over the entire life cycle of an oilfield and in all types of environments. Under the EMAS branding, the Group operates globally with offices in the UK, the US, Norway, India, Thailand, Malaysia, Vietnam, Australia, Brunei and Singapore.
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Source:Ezra, January 13, 2011;