EMAS Offshore Production Service (Vietnam) (EOPS), a fully owned subsidiary of EMAS, and Ezra Holdings Limited, the holding company of EMAS, have entered into a share purchase agreement for the sale of a combined equity share of 80 % in PV Keez to PetroFirst Infrastructure 2 Limited, part of PetroFirst Infrastructure Partners, a joint venture between First Reserve and Petrofac.
Under the agreement, EOPS has agreed to sell its equity interest of approximately 41.7% in PV Keez, whereas Ezra has agreed to sell its equity interest of approximately 38.3%, as well as its entire stake in the redeemable cumulative preference shares of the same company.
PV Keez is incorporated in Singapore and owns Lewek EMAS, which is chartered to Premier Oil Vietnam Offshore BV as operator of the Chim Sao field offshore southern Vietnam.
The transaction is expected to be completed before 30 September 2016.
