Ezra Holdings says EMAS CHIYODA Subsea has jointly won a contract by Saudi Aramco with Larsen & Toubro Hydrocarbon Engineering (LTHE).
The contract, valued at over US$1.6 billion ($2.2 billion), will see EMAS CHIYODA Subsea and LTHE provide integrated Engineering, Procurement, Construction and Installation (EPCI) services for the development of the second phase of the Hasbah Offshore Gas field.
EMAS CHIYODA Subsea is a 50:50 joint venture company owned by Ezra and Chiyoda Corporation. EMAS CHIYODA Subsea’s scope takes up close to 40% of the contract value.
The consortium will be involved in the main construction of two streams of three wellhead platform topsides, one tie-in platform with flare platforms and bridges tied together by umbilicals and in-field pipelines.
Situated off the coast of Saudi Arabia, the project is scheduled to be completed over a period of three and half years and will serve Saudi Aramco’s strategy to supply an additional 2,500 MMSCFD of clean natural gas through the Fadhili Gas Plant to meet Saudi Arabia’s growing domestic energy demand.
The onshore engineering and fabrication component of the project has started and the offshore execution phase is expected to start in the fourth quarter of calendar year 2017.
Shares of Ezra last traded at 6 cents.
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The contract, valued at over US$1.6 billion ($2.2 billion), will see EMAS CHIYODA Subsea and LTHE provide integrated Engineering, Procurement, Construction and Installation (EPCI) services for the development of the second phase of the Hasbah Offshore Gas field.
EMAS CHIYODA Subsea is a 50:50 joint venture company owned by Ezra and Chiyoda Corporation. EMAS CHIYODA Subsea’s scope takes up close to 40% of the contract value.
The consortium will be involved in the main construction of two streams of three wellhead platform topsides, one tie-in platform with flare platforms and bridges tied together by umbilicals and in-field pipelines.
Situated off the coast of Saudi Arabia, the project is scheduled to be completed over a period of three and half years and will serve Saudi Aramco’s strategy to supply an additional 2,500 MMSCFD of clean natural gas through the Fadhili Gas Plant to meet Saudi Arabia’s growing domestic energy demand.
The onshore engineering and fabrication component of the project has started and the offshore execution phase is expected to start in the fourth quarter of calendar year 2017.
Shares of Ezra last traded at 6 cents.
Click Here To Register For Free Trial Services OR Give A Missed Call : +6531581402 Follow Us On Twitter : www.twitter.com/epicresearchsg Like Us On Facebook : www.facebook.com/EpicResearchSingapore Need Any Assistance Feel Free To Mail Us at : info@epicresearch.sg
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