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    Ezra orders multipurpose pipelay vessel

    News // August 29, 2005

    Emas Offshore Construction Pte Ltd, a subsidiary ofáEzra Holdings Limited in Singapore,áhas awarded a contract to Labroy Shipbuilding and Engineering Pte Ltdáfor
    the construction of aáPipelay, Accommodation & Maintenance Work Bargeáat a contractual value of approximately US$24.72 million (excluding the cost of certain owner furnished equipment).

    The Heavy Lift Accommodation Pipeiay Vessel will beáapproximately 142m long with a breadth ofá40m, andáwill haveápipelay capabilities plus aá800 tonne heavy lift mast crane andáDP2 dynamic positioning system, along wiht the ability toáaccommodate up to 350 personnel.

    The DP2 system will enable the vessel toáundertake subsea construction work in deep
    waters in excess of 1,000m.

    Under the terms of the contract, the Heavy Lift Accommodation Pipeiay Vessel is expected to be delivered by the first half of the financial year ending 31 August 2007.

    Ezra has also announced that it has entered into aáa joint venture witháKS Energy Services Ltdáfor the new vessel,áunder which KS Energy will supply various equipment and machinery to be installed or utilised on board.

    KS Energy intends to acquire a 25 per cent stake in the issued and paid-up capital of
    Emas whilst Ezra is currently in talks with another potential joint venture party,
    with a view to that party acquiring a 30 per cent stake in the issued and paid-up capital of Emas.

    á

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