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.

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6th Offshore Well Intervention Conference Gulf of Mexico

The Offshore Well Intervention Gulf of Mexico conference (OWI GOM) is returning to Houston, Texas for its sixth year on Wednesday 20 – Thursday 21 November.

Featuring Anadarko, BP, Shell, Chevron, BHGE and Oceaneering, the conference aims to help operators transition to the latest compliance updates, WI systems and business models that enhance safety, quicken well access and improve commerciality.

Across two days, more than 200 delegates, 15 exhibitors and 30 speakers will network together and create solutions to some of the most pertinent industry challenges right now, through a conference programme focused on:

  1. Clarifying compliance updates
  2. Quicker well access and safer well control
  3. ​Understanding HPHT well intervention (systems)
  4. Forecasting well intervention activity, discussing new commercial models and comparing platform options
  5. Best practice riserless well intervention
  6. ​The latest well intervention equipment

For registration, speaking or sponsorship enquiries contact Abigail Clifton on aclifton@offsnet.com; +44 (0) 203 793 8800.

More info

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OCEANS 2019

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OTC Brasil

The conference is organized by the Offshore Technology Conference (OTC) and Brazilian Petroleum…

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Europort 2019

Europort, organised in the world port city of Rotterdam, will be the leading exhibition for special purpose vessels…

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