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Ezra's subsea arm awarded project in offshore Trinidad
EZRA Holdings' subsea services division EMAS AMC has finalised a contract with BHP Billiton for the Angostura phase 3 development project in offshore Trinidad and Tobago.
Ezra provided no details on the value of the contract but said the scope of work involves project management, fabrication, construction and installation of 12-inch flowlines along with a complete subsea package.
Engineering and procurement are currently under way from EMAS AMC's Houston office with fabrication of the subsea structures and stalking and spooling of flowlines to be carried out at EMAS Marine Base facility in Ingleside, Texas. Offshore execution is scheduled for mid-2016, which will utilise the Lewek Express subsea construction and reel lay vessel.
Ezra recently announced that it signed a binding memorandum of understanding for Chiyoda Corp to invest in its subsea services unit to form 50:50 joint venture EMAS CHIYODA Subsea.
The counter was unchanged at 13 Singapore cents, as at 9.15 am on Monday.