Ezra

Ezra: its subsea services division has been awarded projects worth a total of ~US$80m, including options. The scope of these projects cover a large spectrum of subsea work, including the decommissioning and towage of an FPSO in Asia and the deployment of an inspection, maintenance and repair vessel in the Americas. Work for a majority of the contracts is expected to commence by 1H14. The group’s subsea orderbook stands at more than US$1.4b, and is currently tendering for ~US$9b in projects worldwide.