(EnergyAsia, August 23 2011, Tuesday) — Ezra Holdings Limited, a Singapore-based global contractor and provider of offshore services to the oil and gas industry, said it is on track to achieve orders totalling US$1 billion this year following its latest contract award from three Chevron Thailand companies.

Ezra said its offshore construction division, EMAS AMC, secured the contract worth at least US$250 million from Chevron Thailand Exploration and Production Ltd, Chevron Offshore (Thailand) Ltd and Chevron Pattani Ltd to install wellhead platforms and associated pipelines in the Gulf of Thailand.

Ezra said the contract, which boosts its orderbook value to more than US$600 million to date, will begin from early 2012 to 2014, and carries an option period for an additional two years from 2015 to 2016.

Lionel Lee, Ezra’s managing director, said: This award is an important milestone for us and reaffirms the growing relationship that we have with Chevron in the Asia Pacific region.

“The total subsea orderbook for EMAS AMC is now past the halfway mark and is closer to our short-term target of US$1 billion for the segment. EMAS AMC is moving steadily closer towards becoming fully integrated within the EMAS Group and the combined entity will propel us towards our objective of being a global leader in marine and offshore construction.”

EMAS is Ezra’s operating brand to provide construction, marine, production and well intervention services for the offshore oil and gas industry.