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Private company

EMAS

Logo: Ezra Holdings Limited, Public domain, via Wikimedia Commons3

Global offshore contractor1

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.2 Wikipedia text CC BY-SA 4.0

Last updated Oct 21, 2026.

Overview

1992Founded1
  • Industrypetroleum industry1
  • HeadquartersSingapore1

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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 SGX, enhancing its market presence. EMAS also established fabrication facilities in Vietnam.2

The story

History

EMAS was founded in 1992 by Mr. Lee Kian Soo. Headquartered in Singapore,

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 (IPO) in Singapore

2005 Acquisition of Vietnam Fabrication Yard, Asian Technical Maritime Services Ltd (ATMS) through wholly owned subsidiary HCM Logistics Limited & Promoted to SGX Main Board

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

2008 Listing of Production & Construction division, EOC Limited, on the Mainboard of the Oslo Stock Exchange raising approximately US$ S$260 million

2011 Acquisition of Aker Marine Contractors AS (AMC) from Aker Solutions AS (a subsidiary of Oslo Bǿrslisted Aker Solutions ASA)

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2011 Singapore's EMAS wins three charters worth $73 million

2017 Singapore's EMAS shares suspended from trading on the Singapore Stock Exchange.

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.

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.

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.

EMAS AMC has been awarded a contract to carry out offshore installation services for US supermajor Chevron in the Gulf of Thailand.

EMAS announced the completion of the acquisition of Aker Marine Contractors (AMC) of Houston on March 1, 2011. 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.

From Wikipedia’s article on EMAS (company), shared under CC BY-SA 4.0.4

Timeline

  1. 1992Founded Founded1

Sources

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