Singapore based Ezra Holdings Limited, an offshore support and marine services provider in Southeast Asia’s offshore oil and gas industry, is seeking a separate overseas listing for wholly-owned EOC Pte Ltd, its Production & Construction division.

EOC has engaged Pareto Securities ASA to assist in exploring and working towards a separate listing to raise capital to acquire a Floating Production, Storage and Offloading facility (“FPSO”), and construction vessels from Ezra.

Said Ezra’s Managing Director Lionel Lee: “This listing is another step to enable Ezra to grow its offshore support services fleet at a pace that can meet the buoyant offshore oil & gas industry’s demand. We are into another exciting growth phase as oilfields enter the production stage.”

Pareto, a player in the Norwegian financial services market, offers a broad range of brokerage services related to equity, debt and partnership units, including management of new issues.

Ezra had been busy lately in the financial market. In February, it placed out 15 million shares at S$5.18 each to further raise its investor profile and improve share liquidity. It also set aside S$60.0 million of the S$76.6 million net proceeds to fund vessel acquisitions to increase its fleet’s overall range and value.

“We are optimistic that this demand in the offshore services support sector is sustainable in the medium term and we are always exploring options to increase our profitability and returns,” added Mr Lee.