Sale agreed on for Chim Sao FPSO owner

April 18, 2016

Ezra Holdings and EMAS Offshore Production Service (Vietnam) have accepted a non-binding letter of intent to sell their current combined 78.4% equity in PV Keez to an infrastructure investment specialist.

Offshore staff

SINGAPORE – Ezra Holdings and EMAS Offshore Production Service (Vietnam) have accepted a non-binding letter of intent to sell their current combined 78.4% equity in PV Keez to an infrastructure investment specialist.

PV Keez owns theFPSOLewek EMAS, which Premier Oil has chartered for the Chim Sao field offshore southern Vietnam. Ezra has also formed a new 50:50 venture with Chiyoda Corp., EMAS Chiyoda Subsea.

This combines the two companies’ strengths, allowing them to bid for larger subsea construction projects from the conceptual phase through engineering, procurement, construction, and installation.

04/18/2016

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