Ezra Holdings
{{Use dmy dates|date=July 2019}}
{{EngvarB|date=July 2019}}
{{Infobox company
| name = Ezra Holdings Ltd
| logo = Logo Ezra.svg
| type = Public
| traded_as = {{sgx|5DN}}
| founded = 1992
| location = Singapore, Oslo, Houston
| key_people = Mr Lionel Lee (managing director), Mr Koh Poh Tiong (Non-Executive chairman)
| area_served = Worldwide
| industry = Petroleum Oil & Gas
| products = Offshore engineering and construction
| profit = US$90.3 million (2015)
| assets = US$32.3 million (2017)>{{cite web |url=https://sg.finance.yahoo.com/quote/5DN.SI?ltr=1|title=Ezra Holdings Limited|publisher=Yahoo Finance|access-date=23 April 2017}}
| num_employees = 291 (April 2017){{cite web|url=https://markets.ft.com/data/equities/tearsheet/profile?s=5DN:SES|access-date=23 April 2017|title=Ezra Holdings Ltd|website=Financial Times}}
| homepage = {{url|www.ezraholdings.com}}
{{url|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.{{cite web|url=http://www.emas.com/|title=EMAS Website|publisher=EMAS Website|access-date=3 August 2011|archive-url=https://web.archive.org/web/20110902042034/http://emas.com/|archive-date=2 September 2011|url-status=dead}}{{cite web|url= http://www.businesswire.com/news/home/20110301006917/en/Ezra-Seals-AMC-Acquisition/|title=EMAS|date=March 2011|publisher=Business Wire|access-date=3 August 2011}}
History
EMAS was founded in 1992 by Mr Lee Kian Soo.{{cite web|title=Ezra lands $125m contract for Asia, West Africa|url=http://oilpatchasia.com/2014/03/ezra-lands-125m-contract-for-asia-west-africa/|publisher=Oil Patch Asia|access-date=6 March 2014|archive-url=https://web.archive.org/web/20140306043718/http://oilpatchasia.com/2014/03/ezra-lands-125m-contract-for-asia-west-africa/|archive-date=6 March 2014|url-status=dead}} Headquartered in Singapore,{{cite web|url=http://www.emas.com/about-us/our-story/|title=Company History|publisher=EMAS website|access-date=26 July 2011|url-status=dead|archive-url=https://web.archive.org/web/20110805045438/http://www.emas.com/about-us/our-story|archive-date=5 August 2011}}
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{{cite web|url=http://forum.shareinvestor.com/archive/0EE6FA66/0EF60721/0EF60721_1.html|title=Ezra IPO|publisher=Share Investor|access-date=3 August 2011|archive-url=https://web.archive.org/web/20111002091932/http://forum.shareinvestor.com/archive/0EE6FA66/0EF60721/0EF60721_1.html|archive-date=2 October 2011|url-status=dead}}
- 2005 Acquisition of Vietnam Fabrication Yard, Asian Technical Maritime Services Ltd (ATMS) through wholly owned subsidiary HCM Logistics Limited & Promoted to SGX Main Board{{cite web|url= http://www.oilpubs.com/oso/article.asp?v1=4949|title=Acquisition of Vietnam Fabrication Yard|publisher=Offshore Shipping Online|access-date=3 August 2011}}
- 2007 Buys strategic stake of 21.83% for S$16.5m in SGX-listed Nylect Technology Limited to extend its oil & gas support services activities{{cite web|url= http://www.upstreamonline.com/incoming/article130969.ece?viewAllCompanies=true|title=Ezra takes a bite of Nylect|publisher=Upstream|access-date=3 August 2011}}
- 2008 Listing of Production & Construction division, EOC Limited, on the Mainboard of the Oslo Stock Exchange raising approximately US$ S$260 million{{cite web|url=http://www.oslobors.no/ob_eng/Oslo-Boers/About-us/Press-room/Press-releases/EOC-Limited-to-be-listed-on-Oslo-Boers-Wednesday-3-October-2007|title=EOC Listing on Oslo-Boers|publisher=Oslo-Boers|access-date=3 August 2011|url-status=dead|archive-url=https://web.archive.org/web/20120407124505/http://www.oslobors.no/ob_eng/Oslo-Boers/About-us/Press-room/Press-releases/EOC-Limited-to-be-listed-on-Oslo-Boers-Wednesday-3-October-2007|archive-date=7 April 2012}}
- 2011 Acquisition of Aker Marine Contractors AS (AMC) from Aker Solutions AS (a subsidiary of Oslo Bǿrslisted Aker Solutions ASA){{cite web|url=http://www.worldoil.com/Ezra_acquires_Aker_Marine_contractors_for_250_million.html|title=Acquisition of Aker Marine Contractors|publisher=World Oil|access-date=3 August 2011|archive-url=https://archive.today/20130209133439/http://www.worldoil.com/Ezra_acquires_Aker_Marine_contractors_for_250_million.html|archive-date=2013-02-09|url-status=dead}}
- 2011 Singapore's EMAS wins three charters worth $73 million{{cite news|url= https://www.reuters.com/article/ezra-idUSL3E7CC0T120110112|title=Singapore's Ezra wins three charters worth $73 million|work=Reuters|access-date=3 August 2011|date=12 January 2011}}
- 2014 EMAS wins Asia Pacific and West Africa contracts for FPSO work worth $125 million
- 2014 EMAS confirms various contract deals across the globe adding a further $95 million to the contract back catalogue for the company{{Cite web|url=http://www.tradewindsnews.com/offshore/337915/new-deals-net-ezra-95m|title = New deals net Ezra $95m | TradeWinds|date = 22 May 2014}}
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.{{cite web|url=https://www.bloomberg.com/apps/news?pid=conewsstory&tkr=AKSO:NO&sid=a9GBZ86DRqAw|title=Ezra Seals AMC Acquisition|publisher=Bloomberg website|access-date=1 March 2011|url-status=dead|archive-url=https://web.archive.org/web/20121105223029/http://www.bloomberg.com/apps/news?pid=conewsstory&tkr=AKSO%3ANO&sid=a9GBZ86DRqAw|archive-date=5 November 2012}}
- EMAS Energy provides well intervention and drilling services both onshore and offshore. The range includes workover, drilling, fluid pumping, nitrogen and pipeline & process services.{{cite web|url= http://www.offshoreenergytoday.com/usa-emas-completes-installation-of-38km-umbilical-for-shell-in-gulf-of-mexico/|title=EMAS completes installation of 38km umbilical for Shell in Gulf of Mexico|date=19 May 2011|publisher=Offshore Energy Today|access-date=19 May 2011}}
- 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.{{cite web|url= http://subseaworldnews.com/2011/05/19/emas-amc-completes-installation-of-38km-umbilical-for-shell-in-gulf-of-mexico-usa/|title=EMAS AMC Completes Installation of 38km Umbilical for Shell in Gulf of Mexico |date=19 May 2011 |publisher=Subsea world News|access-date=19 May 2011}}
- 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.{{cite web|url= http://www.offshoreenergytoday.com/premier-oil-vietnam-enters-usd-1-billion-charter-contract-for-fpso-lewek-emas/|title=EMAS Production is set to take delivery of one of Vietnam's largest Floating Production Storage and Offloading vessels |date=15 April 2011 |publisher=Offshore Energy Today|access-date=15 April 2011}}
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.{{cite web|url=http://www.triyards.com/|title=Fabrication, Construction & Engineering|publisher=EMAS|access-date=11 August 2011|archive-date=25 January 2012|archive-url=https://web.archive.org/web/20120125075436/http://www.triyards.com/|url-status=dead}}
EMAS AMC has been awarded a contract to carry out offshore installation services for US supermajor Chevron in the Gulf of Thailand.{{cite web|url=http://meltwaternews.com/prerobot/sph.asp?iscrawler=yes&pub=BT&sphurl=www.businesstimes.com.sg/mnt/html/btpre/registration/redirect.jsp?dlink=/sub/companies/story/0,4574,452381,00.html?|title=Ezra vaults towards its US$1b order book goal|work=Business Times|access-date=22 August 2011|url-status=dead|archive-url=https://archive.today/20120710004645/http://meltwaternews.com/prerobot/sph.asp?iscrawler=yes&pub=BT&sphurl=www.businesstimes.com.sg/mnt/html/btpre/registration/redirect.jsp%3Fdlink=/sub/companies/story/0,4574,452381,00.html%3F|archive-date=10 July 2012}}
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.{{cite web|url=https://www.bloomberg.com/apps/news?pid=conewsstory&tkr=AKSO:NO&sid=a9GBZ86DRqAw|title=EMAS AMC|publisher=Bloomberg website|access-date=26 July 2011|url-status=dead|archive-url=https://web.archive.org/web/20121105223029/http://www.bloomberg.com/apps/news?pid=conewsstory&tkr=AKSO%3ANO&sid=a9GBZ86DRqAw|archive-date=5 November 2012}} 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.{{cite news|url= https://www.reuters.com/article/us-energy-summit-ezra-idUSTRE75E17020110615|title=Deepwater in Asia|work=Reuters|access-date=15 June 2011|date=15 June 2011}}
EMAS says to buy Aker Marine for $325 million.{{cite news|url=https://www.reuters.com/article/ezra-idUSSGC00379420101022|title=Singapore's Ezra says to buy Aker Marine for $325 mln|work=Reuters|access-date=3 August 2011|date=22 October 2010}}
Bankruptcy
References
{{Reflist}}
External links
- {{official website|http://www.emas.com}}
Category:Engineering companies of Singapore
Category:Companies listed on the Singapore Exchange
Category:Energy companies established in 1992
Category:1992 establishments in Singapore
Category:2003 initial public offerings
Category:Companies that filed for Chapter 11 bankruptcy in 2017