Ezra, EMAS Strike FPSO Sale Deal

Ezra Holdings and EMAS Offshore Production Service (EOPS), a fully owned subsidiary of EMAS, and Ezra, have today entered into a agreement with PetroFirst Infrastructure for the sale of a combined equity share of 80 per cent in PV Keez.

PV Keez is incorporated in Singapore and owns FPSO “Lewek EMAS”, which is chartered to Premier Oil Vietnam Offshore as operator of the Chim Sao field offshore southern Vietnam.

PetroFirst Infrastructure is a joint venture private company between First Reserve, a private equity and energy infrastructure investment firm focused exclusively on energy, and Petrofac.

Under the agreement, EOPS has agreed to sell its common equity interest of approximately 41.7 per cent in PV Keez, whereas Ezra has agreed to sell a common equity interest of approximately
38.3 per cent, as well as its entire stake in the redeemable cumulative preference shares of the same company.

Based on the agreement the combined aggregate consideration payable by PetroFirst is approximately US $166 million.

Share this article

Follow Subsea World News

Events>

<< Dec 2017 >>
MTWTFSS
27 28 29 30 1 2 3
4 5 6 7 8 9 10
11 12 13 14 15 16 17
18 19 20 21 22 23 24
25 26 27 28 29 30 31

SPE/IADC Middle East Drilling Technology Conference and Exhibition

The theme for this conference is “Building on Today’s Efficiencies for Tomorrow’s Market.” This will be the basis for the technical agenda…

read more >

The World Future Energy Summit (WFES) 2018

WFES will also hold its annual conference, which sees international government and business experts come together to discuss critical global…

read more >

HYPACK 2018

This training event will offer instruction on the newest features of HYPACK® 2018 as well as comprehensive training for both novice…

read more >

8th Myanmar Oil, Gas & Power Summit

The Myanmar Oil and Gas Summit is the longest established Oil & Gas event in Myanmar. Every year the event is attended by government…

read more >