Ezra is on track to achieve its $1bn orderbook target after clinching a new contract from Chevron Thailand for offshore installation services in the Gulf of Thailand.
The offshore services firm said this new contract has boosted its orderbook of marine and/or offshore construction contracts to over $600m. Ezra did not specify the value of the Chevron Thailand contract.
EMAS AMC, Ezra's offshore construction division, will install a number of wellhead platforms and associated pipelines in the Gulf of Thailand.
This project is expected to start in early 2012 for a three-year period plus an option period for an additional two years.
“The total subsea orderbook for EMAS AMC is now past the halfway mark and is closer to our short-term target of $1bn for the segment,” said Lionel Lee, managing director of Ezra.