{{Multiple issues| {{promotional|date=February 2012}} {{More citations needed|date=November 2023}} }} {{Infobox company | name = EMAS | logo = [[File:Logo Emas.svg|200px|Logo of EMAS]] | foundation = 1992 (31 years ago) | location = [[Singapore]], [[Oslo]], [[Houston]] | key_people = Mr Lionel Lee <small>([[Managing Director]])</small>, Mr Koh Poh Tiong <small>([[Non-Executive Chairman]])</small> | area_served = Worldwide | industry = [[Petroleum industry|Petroleum]] [[Oil & Gas industry|Oil & Gas]] | type = [[Public company|Public]] ({{sgx|5DN}}) | products = [[Offshoring|Offshore]] [[engineering]] and [[construction]] | revenue = US$984.2 million <small>(2012)</small><ref name="AR2012">{{cite web |url=http://ezra.listedcompany.com/misc/ar2012.pdf |title=Annual Report 2012 |publisher=Ezra Holdings |access-date=2013-05-22 |archive-url=https://web.archive.org/web/20140727192246/http://ezra.listedcompany.com/misc/ar2012.pdf |archive-date=2014-07-27 |url-status=dead }}</ref> | profit = US$186.2 million <small>(2012)</small><ref name="Gross Profit">{{cite web |url=http://ezra.listedcompany.com/misc/ar2012.pdf |title=Annual Report 2012 |publisher=Ezra Holdings |access-date=2013-05-22 |archive-url=https://web.archive.org/web/20140727192246/http://ezra.listedcompany.com/misc/ar2012.pdf |archive-date=2014-07-27 |url-status=dead }}</ref> | num_employees = 5,500 <small>(January 2012)</small><ref name="AR2012" /> | homepage = {{URL|http://www.emas.com}} {{URL|http://www.ezraholdings.com}} }}
'''EMAS''' is an offshore contractor and integrated offshore solutions provider catering to the oil and gas (O&G) industry on a global scale. It operates as a subsidiary of [[Ezra Holdings]] and has gained recognition within the industry. Established in 1992, the company is headquartered in [[Singapore]] and initially focused its operations in the maritime sector of the Asia Pacific region, primarily managing a fleet of vessels. In 2003, the company successfully listed its shares on the [[Singapore Exchange|Singapore Exchange SGX]], enhancing its market presence. EMAS also established fabrication facilities in Vietnam.
In response to the changing demands of the industry, EMAS established a construction and production division. In 2007, its subsidiary, [[EOC Limited]], was successfully listed on the [[Oslo Stock Exchange|Oslo Stock Exchange OSE]], specializing in offshore services. EMAS later launched an energy division which offered a range of onshore drilling, offshore drilling, and well services. EMAS's secured a strategic acquisition of [[Aker Marine Contractors]], a group specializing in subsea construction and installation technologies, in 2011.<ref name="EMAS">{{cite web |title=EMAS Website |url=http://www.emas.com/index.php/about-us/our-story |url-status=dead |archiveurl=https://web.archive.org/web/20110930161242/http://www.emas.com/index.php/about-us/our-story/ |archivedate=2011-09-30 |accessdate=2011-08-31 |publisher=EMAS Website}}</ref>
EMAS was promoted to Mainboard on 8 December 2005.<ref>{{cite web|url=http://www.emas.com/|title=EMAS Website|publisher=EMAS Website|accessdate=2011-08-03|url-status=dead|archiveurl=https://web.archive.org/web/20110902042034/http://emas.com/|archivedate=2011-09-02}}</ref><ref>{{cite web|date=2011-03-01|url= http://www.businesswire.com/news/home/20110301006917/en/Ezra-Seals-AMC-Acquisition/|title=EMAS|publisher=Business Wire|accessdate=2011-08-03}}</ref>
==History== EMAS was founded in 1992 by Mr. Lee Kian Soo. Headquartered in [[Singapore]],<ref name="History">{{cite web|url=http://www.emas.com/about-us/our-story/|title=Company History|publisher=EMAS website|accessdate=2011-07-26|url-status=dead|archiveurl=https://web.archive.org/web/20110805045438/http://www.emas.com/about-us/our-story|archivedate=2011-08-05}}</ref> EMAS is now an offshore service provider, with offices in 16 locations across 5 continents.
*'''1992''' Founded. Incorporated EMAS Offshore to provide management and operation of offshore support vessels. *'''2003''' Launch of [[Initial public offering|Initial Public Offering (IPO)]] in Singapore <ref name="Ezra IPO">{{cite web|url=http://forum.shareinvestor.com/archive/0EE6FA66/0EF60721/0EF60721_1.html|title=Ezra IPO|publisher=Share Investor|accessdate=2011-08-03|archive-url=https://web.archive.org/web/20111002091932/http://forum.shareinvestor.com/archive/0EE6FA66/0EF60721/0EF60721_1.html|archive-date=2011-10-02|url-status=dead}}</ref> *'''2005''' Acquisition of Vietnam Fabrication Yard, Asian Technical Maritime Services Ltd (ATMS) through wholly owned subsidiary HCM Logistics Limited & Promoted to SGX Main Board <ref name="Acquisition of Vietnam Fabrication Yard">{{cite web|url= http://www.oilpubs.com/oso/article.asp?v1=4949|title=Acquisition of Vietnam Fabrication Yard|publisher=Offshore Shipping Online|accessdate=2011-08-03}}</ref> *'''2007''' Buys strategic stake of 21.83% for S$16.5m in SGX-listed Nylect Technology Limited to extend its oil & gas support services activities <ref name="Nylect Technology">{{cite web|url= http://www.upstreamonline.com/incoming/article130969.ece?viewAllCompanies=true|title=Ezra takes a bite of Nylect|publisher=Upstream|accessdate=2011-08-03}}</ref> *'''2008''' Listing of Production & Construction division, EOC Limited, on the Mainboard of the [[Oslo Stock Exchange]] raising approximately US$ S$260 million <ref name="EOC Listing">{{cite web|url=http://www.oslobors.no/ob_eng/Oslo-Boers/About-us/Press-room/Press-releases/EOC-Limited-to-be-listed-on-Oslo-Boers-Wednesday-3-October-2007|title=EOC Listing on Oslo-Boers|publisher=Oslo-Boers|accessdate=2011-08-03|url-status=dead|archiveurl=https://web.archive.org/web/20120407124505/http://www.oslobors.no/ob_eng/Oslo-Boers/About-us/Press-room/Press-releases/EOC-Limited-to-be-listed-on-Oslo-Boers-Wednesday-3-October-2007|archivedate=2012-04-07}}</ref> *'''2011''' Acquisition of Aker Marine Contractors AS (AMC) from Aker Solutions AS (a subsidiary of Oslo Bǿrslisted Aker Solutions ASA)<ref name="EMAS AMC">{{cite web|url=http://www.worldoil.com/Ezra_acquires_Aker_Marine_contractors_for_250_million.html|archive-url=https://archive.today/20130209133439/http://www.worldoil.com/Ezra_acquires_Aker_Marine_contractors_for_250_million.html|url-status=dead|archive-date=2013-02-09|title=Acquisition of Aker Marine Contractors|publisher=World Oil|accessdate=2011-08-03}}</ref> *'''2011''' Singapore's EMAS wins three charters worth $73 million<ref name="Contract Wins">{{cite web|url= https://www.reuters.com/article/ezra-idUSL3E7CC0T120110112|title=Singapore's Ezra wins three charters worth $73 million|publisher=Reuters|accessdate=2011-08-03}}</ref> *'''2017''' Singapore's EMAS shares suspended from trading on the Singapore Stock Exchange.
==The Company== EMAS operates four main business segments.<ref>{{cite web|url=https://www.bloomberg.com/apps/news?pid=conewsstory&tkr=AKSO:NO&sid=a9GBZ86DRqAw|title=Ezra Seals AMC Acquisition|publisher=Bloomberg website|accessdate=2011-03-01|url-status=dead|archiveurl=https://web.archive.org/web/20121105223029/http://www.bloomberg.com/apps/news?pid=conewsstory&tkr=AKSO%3ANO&sid=a9GBZ86DRqAw|archivedate=2012-11-05}}</ref>
EMAS AMC, EMAS's subsea construction division, offers design, construction, transportation and field installation. The group has completed a wide range of global offshore installation and subsea construction projects, including the transportation and installation of the world's largest man-made structure. Service offerings include subsea construction, IMR (inspection, maintenance & repair), floater and FPSO (floating, production, storage & offloading) installation, SURF installation, pipelay & heavylift, floatover installation and decommissioning.<ref>{{cite web|url= http://sg.finance.yahoo.com/news/EMASs-Subsea-Construction-bw-1597000619.html|title=EMAS's Subsea Construction Division EMAS AMC Awarded Contract by BP in the Gulf of Mexico|publisher=Yahoo Finance|accessdate=2011-10-28}}{{dead link|date=April 2017}}</ref>
EMAS Energy provides well intervention and drilling services both onshore and offshore. The range includes work-over, drilling, fluid pumping, nitrogen and pipeline & process services.<ref name="EMAS Energy">{{cite web|url= http://www.offshoreenergytoday.com/usa-emas-completes-installation-of-38km-umbilical-for-shell-in-gulf-of-mexico/|title=EMAS completes installation of {{convert|38|km|0|abbr=on}} umbilical for Shell in Gulf of Mexico|publisher=Offshore Energy Today|accessdate=2011-05-19}}</ref>
EMAS Marine manages and operates a fleet of anchor handling, towing & supply vessels, anchor handling tugs, platform supply vessels, and fast crew utility boats. These vessels support the O&G industry in a wide range of offshore operations throughout the oilfield life cycle.<ref name="EMAS Marine">{{cite web|url= http://subseaworldnews.com/2011/05/19/emas-amc-completes-installation-of-38km-umbilical-for-shell-in-gulf-of-mexico-usa/|title=EMAS AMC Completes Installation of {{convert|38|km|0|abbr=on}} Umbilical for Shell in Gulf of Mexico |publisher=Subsea world News|accessdate=2011-05-19}}</ref>
EMAS Production, under approximately 46.5%-owned EOC Limited, owns and operates [[Floating Production Storage and Offloading|FPSO]] facilities, offering services such as FPSO conversion management and the operation & maintenance of production facilities. It has the capability to design and provide FPSO/FSO mooring & riser systems and turrets, and fluid transfer systems.<ref name="EMAS Production">{{cite web|url= http://www.offshoreenergytoday.com/premier-oil-vietnam-enters-usd-1-billion-charter-contract-for-fpso-lewek-emas/|title=EMAS Production is set to take delivery of one of Vietnam's largest Floating Production Storage and Offloading vessels |publisher=Offshore Energy Today|accessdate=2011-04-15}}</ref>
The Group offers offshore fabrication and construction, logistics, engineering and support services out of Vietnam from its yard facilities in Ho Chi Minh City and Vung Tau, as well as in Hinna, Norway and Houston, US.<ref name="Fabrication, Construction & Engineering">{{cite web|url=http://www.triyards.com/|title=Fabrication, Construction & Engineering|publisher=EMAS|accessdate=2011-08-11|archive-date=2012-01-25|archive-url=https://web.archive.org/web/20120125075436/http://www.triyards.com/|url-status=dead}}</ref>
==History==
On November 29, 2011, EMAS secured its first contracts in Brazil, whereby it chartered out four vessels for an average of 4.25 at a total price of US$231 million.<ref>{{cite web|url=http://www.upstreamonline.com/live/article291552.ece|title=EMAS gets Brazil entry ticket|publisher=UpstreamOnline|accessdate=2011-11-29}}</ref>
EMAS achieved a half-billion-dollar milestone in sales for FY11. The group's order book exceeded US$1.2B, a record for the business.<ref>{{cite web|url=http://www.shareinvestor.com/news/news.html?source=si_express&nid=39728|title=Ezra: Achieves Half-Billion-Dollar Milestone In Sales For FY11, Group Orderbook Exceeds Record US$1.2B.|publisher=Share Investor|accessdate=2011-10-28}}</ref>
EMAS AMC performed subsea work in the Atlantis field located in the Gulf of Mexico. This was the second contract awarded by BP to EMAS AMC for work on the Atlantis field.<ref>{{cite web|url=http://www.tbpetroleum.com.br/news/see/id/19853/titulo/emas-amc-books-2nd-gig-at-bps-atlantis-field|title=EMAS AMC Books 2nd Gig at BP's Atlantis Field|publisher=TB Petroleum|accessdate=2011-10-28|archive-url=https://web.archive.org/web/20120130180133/http://www.tbpetroleum.com.br/news/see/id/19853/titulo/emas-amc-books-2nd-gig-at-bps-atlantis-field|archive-date=2012-01-30|url-status=dead}}</ref>
EMAS AMC has been awarded a contract to carry out offshore installation services for US supermajor Chevron in the Gulf of Thailand.<ref>{{cite web|url=http://meltwaternews.com/prerobot/sph.asp?iscrawler=yes&pub=BT&sphurl=www.businesstimes.com.sg/mnt/html/btpre/registration/redirect.jsp?dlink=/sub/companies/story/0,4574,452381,00.html?|title=Ezra vaults towards its US$1b order book goal|publisher=Business Times|accessdate=2011-08-22|url-status=dead|archiveurl=https://archive.today/20120710004645/http://meltwaternews.com/prerobot/sph.asp?iscrawler=yes&pub=BT&sphurl=www.businesstimes.com.sg/mnt/html/btpre/registration/redirect.jsp%3Fdlink=/sub/companies/story/0,4574,452381,00.html%3F|archivedate=2012-07-10}}</ref>
EMAS announced the completion of the acquisition of Aker Marine Contractors (AMC) of Houston on March 1, 2011.<ref>{{cite web |title=EMAS AMC |url=https://www.bloomberg.com/apps/news?pid=conewsstory&tkr=AKSO:NO&sid=a9GBZ86DRqAw |accessdate=2011-07-26 |publisher=Bloomberg website}}</ref> AMC was valued at US$250 million. Ezra has settled the transaction by paying Aker Solutions US$50 million in cash, $100 million in shares in Ezra Holdings Ltd, and $50 million in a convertible bond with maturity after 36 months. The share instruments were valued using the share's weighted average price over the 30 days prior to signing. The final $50-million-plus interest will be settled in cash on and subsequent to delivery of the AMC Connector vessel. Upon delivery of AMC Connector, Ezra will take 50 percent ownership in the vessel owning company. The other half will remain under Aker Solutions ownership.
==Management== Cavan Chan serves as the Executive Chairman of EMAS while Lee Chye Tek Lionel serves as the Managing Director.
==References== {{Reflist}}
[[Category:Engineering companies of Singapore]] [[Category:Companies established in 1992]] [[Category:Companies listed on the Singapore Exchange]]