EMAS AMC, the subsea services division of contractor and offshore solutions provider Ezra Holdings Ltd., received US$55 million in scope of work contracts from several oil and energy companies.
Project support, inspection, maintenance and repair, subsea removal of pipelines and structures, installation of buoys and lifting of structures and mattresses and a pre-FEED study are included in the scope. Work has begun on several projects, and others are slated for the third quarter of fiscal year 2015.
Singapore-based Ezra Holdings secured about $2.3 billion, and the majority of the contracts are scheduled for execution in the next 24 months. Since 2015 began, the company had about $550 million in contracts.
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