SGX-CATALIST EMS ENERGY WINS US$36 MILLION ORDER OF DRILLING MODULES FOR TENDER RIG; POTENTIAL FOR TWO MORE COULD LIFT TOTAL ORDER TO US$108 MILLION
EMS Energy Limited (“EMS” or “the Group”) announced today that its wholly-owned subsidiary, EMS Energy Solutions Pte Ltd (“EES”) has secured from its major shareholder, Koastal Industries Pte Ltd (“Koastal”), a contract worth US$36 million to build a Derrick Equipment Set (“DES”), complete with full drilling equipment, for an offshore tender assisted drilling rig, commonly known as tender rig, and expects to secure two more DES of similar value over the next few months.
EES will deliver the first DES for the tender rig, over 18 months to Koastal for a China state-owned Shipyard (“Shipyard”). The Project is the largest that EES has secured to date. The first contract will potentially lead to two more contracts from Koastal at approximately the same value, for the supply and construction of like-sized DES.
Safe Air Technology has been contracted to design and fabricate several fully customized HVAC / Purge / Pressurization Systems for the projects. The VPACPB Series units shall be 100% automatically controlled using DDC functions. The intergated pressureization system will comply with NFPA 496 Type Z Room Purge and Pressurization and allow for 100% redundant operation. The VPACPB Series systems will meet all requirements for the NEC and IEC Codes for Explosion Proof Classification Under NFPA 70 Articals 500-515 for Class I, Groups C & D, Division 2 – T3 and IIA & IIB Zone 2 – T3.
The VPAC and VPACPB Series units offered by Safe Air Technology, are engineered and developed specifically to eliminate problems, faced by end users and installers, within the petrochemcial market. Safe Air Technology’s professional engineering department draws on over 80 years of experience in the industry.
These units are State-of-the-Art in all phases of engineering and manufacturing and offer many advantages while maintaining what we call the Three Keys to Success: Quality, Pricing and On Time Delivery for our clients.