Ezra Holdings Limited, Asia’s leading integrated support and marine services provider in the offshore oil & gas (O&G) sector, announced that it has secured new and renewal charter contracts worth US$152 million for three vessels.
Under the contracts, the three Anchor Handling, Towing and Supply Vessels (AHTS Vessels) will be chartered out for operations in Southeast Asia for periods ranging from 5.5 to 6 years, inclusive of extension options.
Ezra’s Managing Director, Mr. Lionel Lee, said: “These contracts are a clear endorsement of our clients’ confidence in our services, and validate Ezra’s firm commitment to maintaining a young and sophisticated fleet to meet the stringent demands of our clients.
“With the recent signs of recovery from the financial turmoil, we foresee upward revisions in capital expenditures by global oil majors, driving strong and growing demand for offshore support services going forward. We expect these contracts to contribute positively to our earnings through FY10,” Mr. Lee continued.
Just two weeks ago, Ezra announced a landmark vessel operating agreement, which will see it managing and operating four new AHTS Vessels for an offshore specialist fund in return for a half-share of the profit earned. According to the World Deepwater Market Report, global oil and gas spending is estimated to hit US$162 billion for the period of 2009 to 2013.
