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    Ezra clinches milestone contract for first heavy lift accommodation/pipelay vessel

    News // June 19, 2007

    Ezra Holdings Limited reports that it has quickly followed up on its new deepsea construction and deepwater vessel orders with a contract for the soon-to-be delivered Lewek Champion.

    The contract for its first heavy-lift, accommodation and pipelay vessel was awarded by international integrated energy major ConocoPhillips.

    Lewek Champion is expected to be delivered before the end of the company's fiscal year 2007.

    Ezra secured the contract through Emas Offshore Construction and Production Pte Ltd, a subsidiary of its 88 per cent-owned EOC Limited, which is listed on Norway's OTC. The charter will commence in the first half of fiscal year 2008.

    Lewek Champion will be deployed in the Timor Gap, an area of ocean flanked by Timor, Indonesia, and Australia. It will be used for accommodation support and decommissioning work in the planned shut-down of the Bayu Undan platform.

    The dynamically positioned vessel is equipped with an 800 tonne heavy-lift crane and is purpose-built for deepsea construction support work in waters exceeding 1,000m and can accommodate more than 475 men.

    Recently, Ezra also announced an order for its second pipe-laying, accommodation and maintenance vessel.

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