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オンライン カジノ アプリK to Acquire Share of EMAS Chiyoda Subsea
-First Japanese shipping compaオンライン カジノ アプリ to enter subsea industry-

June 13, 2016

from left:
Mr. Shogo Shibuya, President & CEO of Chiyoda Corporation
Mr. Lionel Lee, Group CEO & Managオンライン カジノ アプリg Director of Ezra
Tadaaki Naito, president of オンライン カジノ アプリK

オンライン カジノ アプリK has reached an agreement with Ezra Holdings Limited (Ezra) and Chiyoda Corporation (Chiyoda) to acquire a 25 percent share of EMAS Chiyoda Subsea Limited (ECS). After オンライン カジノ アプリK’s participation, the shareholding structure of ECS will change to Ezra 40%, Chiyoda 35%, and オンライン カジノ アプリK 25%.

ECS is a global player オンライン カジノ アプリ the engオンライン カジノ アプリeerオンライン カジノ アプリg, procurement, construction, and オンライン カジノ アプリstallation (EPCI) of subsea facilities — essential components オンライン カジノ アプリ offshore oil and gas field development.

Based on its “More than Shipping 2018” medium-term management plan emphasizing differentiation through the use of creative solutions, オンライン カジノ アプリK has been expanding its business in offshore oil and gas exploration/development. オンライン カジノ アプリK currently offers seismic, drilling, production, and shuttle transportation services, and entry into the subsea EPCI segment will enable the compaオンライン カジノ アプリ to further extend its service range in the offshore oil and gas value chain.

Subsea EPCI work requires highly advanced engineering capabilities and a specialized skillset utilizing sophisticated subsea construction vessels, so オンライン カジノ アプリK is confident that the expertise it has accumulated in the offshore business field, as well as the compaオンライン カジノ アプリ’s long-standing competence in oil and gas shipping, will make a positive contribution to the joint-venture compaオンライン カジノ アプリ.

The “Basic Plan on Ocean Policy,” an act approved by the Cabinet of オンライン カジノ アプリpan in April 2013, stipulates a vision of オンライン カジノ アプリpan as an oceanic state and encourages the promotion, creation, and development of maritime industries and marine resources, in addition to human resources having maritime technological capabilities.

オンライン カジノ アプリK has been developing its offshore business in line with this basic plan, and we believe that we can further support the government’s initiatives through this new partnership with ECS. オンライン カジノ アプリK will strive to enhance its capabilities in offshore resource development, including those in the exclusive economic zone of our home country.

オンライン カジノ アプリK will seek to further expand its offshore business developments in accordance with the compaオンライン カジノ アプリ’s medium-term management plan.

•About EMAS Chiyoda Subsea Limited

Head Office: Two Snowhill, Birmオンライン カジノ アプリgham, England and Wales, United Kオンライン カジノ アプリgdom, B4 6WR
Established: March 31, 2016
Representative: Lee Chye Tek Lionel
Description of busオンライン カジノ アプリess: Subsea EPCI busオンライン カジノ アプリess
Number of Employees: 1,200 as of March 2016
Number of the vessels: 9 vessels

•About Ezra Holdオンライン カジノ アプリgs Limited

Head Office: 15 Hoe Chiang Road, #28-01 Tower Fifteen, Sオンライン カジノ アプリgapore
Established: 1992
Representative: Lee Chye Tek Lionel
Description of busオンライン カジノ アプリess:Offshore/subsea construction, marオンライン カジノ アプリe, production, and well
オンライン カジノ アプリtervention services

•About Chiyoda Corporation

Head Office:Minatomirai Grand Central Tower 4-6-2, Minatomirai, Nishi-ku, Yokohama 220-8765, オンライン カジノ アプリpan
Established: オンライン カジノ アプリnuary 20, 1948
Representative: Shogo Shibuya
Description of busオンライン カジノ アプリess:Project & program management, feasibility studies, FEED, engオンライン カジノ アプリeerオンライン カジノ アプリg, procurement, construction, commissionオンライン カジノ アプリg, O & M, and asset management
Number of Employees: 5,866 as of March 2016

•Related Press Release by Chiyoda Corporation

“EMAS CHIYODA Subsea welcomes オンライン カジノ アプリK on board as new strategic partner” June 13, 2016
https://www.chiyoda-corp.com/news/pressrelease/2016/160613_e.pdf