Ezra Holdings, the integrated support and marine services provider in the offshore oil & gas (O&G) sector, will add four high-end multi-purpose platform supply vessels (PSVs) to its fleet in the light of the positive outlook for the sector. The investment of approximately US$130 million ($168 million) underlines its commitment to strengthening the capabilities of its core businesses and driving its next growth phase.
Meanwhile, Ezra has also announced that EMAS Offshore, the group’s operating entity for offshore support services, has secured letters of intent and/or letters of award for US$51 million worth of new contracts which will charter five anchor, handling, towing and supply (AHTS) vessels and a PSV to oil majors, national as well as independent oil companies, for operations in Asia and Australia. In aggregate, the average period for the new charters will exceed two years.