Ezra unit clinches US$70m of subsea contracts

Singapore

THE subsea services division of Ezra Holdings, Emas AMC, has won two subsea contracts valued at almost US$70 million.

The contracts are for work in the Middle East and Asia from two national oil companies, which industry sources identified as Egypt General Petroleum Corporation (EGPC) and Korea National Oil Company (KNOC). The Business Times also understands the contracts are for work off Egypt and South Korea.