EMAS (company)

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EMAS
TypePublic (SGX: 5DN))
IndustryPetroleum Oil & Gas
Founded1992
HeadquartersSingapore, Oslo, Houston
Area servedWorldwide
Key peopleMr Lionel Lee (Managing Director), Mr Lee Kian Soo (Executive Chairman)
ProductsOffshore engineering and construction
RevenueUS $353.6 million (2010)[1]
Employees2,500 (January 2011)[1]
Website

www.emas.com

www.ezraholdings.com
 
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EMAS
TypePublic (SGX: 5DN))
IndustryPetroleum Oil & Gas
Founded1992
HeadquartersSingapore, Oslo, Houston
Area servedWorldwide
Key peopleMr Lionel Lee (Managing Director), Mr Lee Kian Soo (Executive Chairman)
ProductsOffshore engineering and construction
RevenueUS $353.6 million (2010)[1]
Employees2,500 (January 2011)[1]
Website

www.emas.com

www.ezraholdings.com

EMAS is a global offshore contractor and provider of integrated offshore solutions to the oil and gas (O&G) industry and operating brand for Ezra Holdings. The business was founded in 1992 and is headquartered in Singapore. It began in Asia Pacific in the maritime industry with an advanced, modern and highly capable fleet of vessels. The company quickly expanded, listing EMAS on the Singapore stock exchange in 2003 and adding a world-class fabrication facilities in Vietnam. Over the next few years, EMAS added its construction and production division, listed EOC Limited on the Oslo stock exchange in 2007 and created an energy division, offering onshore and offshore drilling and well services. In 2011, EMAS embarked on a highly strategic acquisition of Aker Marine Contractors, a subsea construction and installation technology group.[2]

EMAS was promoted to Mainboard on 8 December 2005.[2][3]

Contents

History

EMAS was founded in 1992 by Mr Lee Kian Soo. Headquartered in Singapore,[4] EMAS is now an offshore service provider, with offices in 16 locations across 5 continents.

The Company

EMAS operates four main business segments that together have the ability to execute a full spectrum of life-of-field engineering, construction, marine and production services throughout the world.[10]

EMAS AMC, EMAS's subsea construction division has over 40 years in design, construction, transportation and field installation. The group has completed a wide range of global offshore installation and subsea construction projects, including the transportation and installation of the world's largest man-made structure. Service offerings include subsea construction, IMR (inspection, maintenance & repair), floater and FPSO (floating, production, storage & offloading) installation, SURF installation, pipelay & heavylift, floatover installation and decommissioning.[10]

EMAS Energy provides well intervention and drilling services both onshore and offshore, offering fully integrated solutions that combine its marine assets with cutting-edge intervention equipment and services. The range includes workover, drilling, fluid pumping, nitrogen and pipeline & process services.[11]

EMAS Marine manages and operates a fleet of anchor handling, towing & supply vessels, anchor handling tugs, platform supply vessels and fast crew utility boats. These vessels support the O&G industry in a wide range of offshore operations throughout the oilfield life cycle.[12]

EMAS Production, under approximately 46.5%-owned EOC Limited, owns and operates FPSO facilities, offering services such as FPSO conversion management and the operation & maintenance of production facilities. It has the capability to design and provide FPSO/FSO mooring & riser systems and turrets, and fluid transfer systems.[13]

The Group offers offshore fabrication and construction, logistics, engineering and support services out of Vietnam from its yard facilities in Ho Chi Minh City and Vung Tau, as well as in Hinna, Norway and Houston, USA.[14]

Latest News

EMAS gets Brazil entry ticket [15]

EMAS Achieves Half-Billion-Dollar Milestone In Sales For FY11, Group Orderbook Exceeds Record US$1.2B.[16]

EMAS AMC will perform subsea work in the Atlantis field located in the Gulf of Mexico. This is the second contract awarded by BP to EMAS AMC for work on the Atlantis field.[17]

EMAS AMC has been awarded a contract to carry out offshore installation services for US supermajor Chevron in the Gulf of Thailand.[18]

Management

Mr Lee Kian Soo serves as Executive Chairman of EMAS while Mr Lee Chye Tek Lionel serves as the Managing Director of EMAS. As Managing Director, Mr Lionel Lee manages its business and oversees day-to-day operations.

Subsea (EMAS AMC Division)

EMAS recently announced the completion of the acquisition of Aker Marine Contractors (AMC) of Houston in March 2011.[19] The acquisition propels EMAS into the top ranks of the global SURF/EPIC services market.

EMAS recently said that it aims to win around $300 million of new subsea service contracts in Asia by April as the depletion of shallow fields in the region results in more deepwater drilling projects.[20]

EMAS says to buy Aker Marine for $325 million.[21]

References

  1. ^ a b "Annual Report 2010". Ezra Holdings. http://ezra.listedcompany.com/misc/ar2010.pdf. 
  2. ^ a b "EMAS Website". EMAS Website. http://www.emas.com/index.php/about-us/our-story. Retrieved 2011-08-31. 
  3. ^ a b "EMAS". Business Wire. http://www.businesswire.com/news/home/20110301006917/en/Ezra-Seals-AMC-Acquisition/. Retrieved 2011-08-03. 
  4. ^ "Company History". EMAS website. http://www.emas.com/about-us/our-story/. Retrieved 2011-07-26. 
  5. ^ "Ezra IPO". Share Investor. http://forum.shareinvestor.com/archive/0EE6FA66/0EF60721/0EF60721_1.html. Retrieved 2011-08-03. 
  6. ^ "Acquisition of Vietnam Fabrication Yard". Offshore Shipping Online. http://www.oilpubs.com/oso/article.asp?v1=4949. Retrieved 2011-08-03. 
  7. ^ "Ezra takes a bite of Nylect". Upstream. http://www.upstreamonline.com/incoming/article130969.ece?viewAllCompanies=true. Retrieved 2011-08-03. 
  8. ^ "EOC Listing on Oslo-Boers". Oslo-Boers. http://www.oslobors.no/ob_eng/Oslo-Boers/About-us/Press-room/Press-releases/EOC-Limited-to-be-listed-on-Oslo-Boers-Wednesday-3-October-2007. Retrieved 2011-08-03. 
  9. ^ "Singapore's Ezra wins three charters worth $73 million". Reuters. http://www.reuters.com/article/2011/01/12/ezra-idUSL3E7CC0T120110112. Retrieved 2011-08-03. 
  10. ^ a b "Ezra Seals AMC Acquisition". Bloomberg website. http://www.bloomberg.com/apps/news?pid=conewsstory&tkr=AKSO:NO&sid=a9GBZ86DRqAw. Retrieved 2011-03-01. 
  11. ^ "EMAS completes installation of 38 km (24 mi) umbilical for Shell in Gulf of Mexico". Offshore Energy Today. http://www.offshoreenergytoday.com/usa-emas-completes-installation-of-38km-umbilical-for-shell-in-gulf-of-mexico/. Retrieved 2011-05-19. 
  12. ^ "EMAS AMC Completes Installation of 38 km (24 mi) Umbilical for Shell in Gulf of Mexico". Subsea world News. http://subseaworldnews.com/2011/05/19/emas-amc-completes-installation-of-38km-umbilical-for-shell-in-gulf-of-mexico-usa/. Retrieved 2011-05-19. 
  13. ^ "EMAS Production is set to take delivery of one of Vietnam's largest Floating Production Storage and Offloading vessels". Offshore Energy Today. http://www.offshoreenergytoday.com/premier-oil-vietnam-enters-usd-1-billion-charter-contract-for-fpso-lewek-emas/. Retrieved 2011-04-15. 
  14. ^ "Fabrication, Construction & Engineering". EMAS. http://www.triyards.com. Retrieved 2011-08-11. 
  15. ^ "EMAS gets Brazil entry ticket". UpstreamOnline. http://www.upstreamonline.com/live/article291552.ece. Retrieved 2011-11-29. 
  16. ^ "Ezra: Achieves Half-Billion-Dollar Milestone In Sales For FY11, Group Orderbook Exceeds Record US$1.2B.". Share Investor. http://www.shareinvestor.com/news/news.html?source=si_express&nid=39728. Retrieved 2011-10-28. 
  17. ^ "EMAS AMC Books 2nd Gig at BP's Atlantis Field". TB Petroleum. http://www.tbpetroleum.com.br/news/see/id/19853/titulo/emas-amc-books-2nd-gig-at-bps-atlantis-field. Retrieved 2011-10-28. 
  18. ^ "Ezra vaults towards its US$1b order book goal". Business Times. http://meltwaternews.com/prerobot/sph.asp?iscrawler=yes&pub=BT&sphurl=www.businesstimes.com.sg/mnt/html/btpre/registration/redirect.jsp?dlink=/sub/companies/story/0,4574,452381,00.html?. Retrieved 2011-08-22. 
  19. ^ "EMAS AMC". Bloomberg website. http://www.bloomberg.com/apps/news?pid=conewsstory&tkr=AKSO:NO&sid=a9GBZ86DRqAw. Retrieved 2011-07-26. 
  20. ^ "Deepwater in Asia". Reuters website. http://www.reuters.com/article/2011/06/15/us-energy-summit-ezra-idUSTRE75E17020110615. Retrieved 2011-06-15. 
  21. ^ "Singapore's Ezra says to buy Aker Marine for $325 mln". Reuters. http://www.reuters.com/article/2010/10/22/ezra-idUSSGC00379420101022. Retrieved 2011-08-03. 

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