EOC Limited: First Quarter Financial Year 2015 Results

Regulatory News:

EOC Limited (OSE:EOC):

Recent Updates

- On 3 October 2014, the Group completed its business combination with the offshore support services business of Ezra Holdings Limited, creating a combined platform

- 7 AHT, 24 AHTS, 10 PSV, 5 OAV, 2 Barges, 1 Heavy Lift & Pipelay, 2 FPSO. Total asset size over US$1.5 billion

- Implemented measures to enhance operational efficiency and cost optimization

Offshore Support & Accommodation Services

- Gross profit margin for the quarter was approximately 20%, an improvement from the preceding nine months period

- Overall utilization rate remained stable at 83% during the quarter

- As of 30 November 2014, order backlog was approximately US$700 million

Offshore Production Services

- Steady operational activity at both FPSOs, Lewek EMAS and Perisai Kamelia (formerly Lewek Arunothai)

- FPSOs are performing well in the quarter at above 90 percent uptime, with excellent safety performance e.g. no loss time injuries over the period

- Order backlog for both FPSOs as of 30 November 2014 was about US$500 million (1)

(1) Earnings from FPSOs are accounted for under "Share of profit of associates”

Please refer to attached for Q1 FY2015 financial report and results presentation.

http://mb.cision.com/Public/738/9703404/87717e5e072cd576.pdf

http://mb.cision.com/Public/738/9703404/ae79eb0a5a654d96.pdf

http://mb.cision.com/Public/738/9703404/a1c040dbd1360cec.pdf

ABOUT THE COMPANY

www.emasoffshore.com

Oslo Børs listing: October 2007 ; SGX Mainboard listing: October 2014

EMAS Offshore Limited (EMAS Offshore or the Company) is an established offshore services provider offering offshore support, accommodation, construction and production services to customers in the oil and gas industry throughout the oilfield lifecycle, spanning exploration, development, production and decommissioning stages. Headquartered in Singapore, EMAS Offshore holds a leading market position in the Asia Pacific region, with global operations across Latin America, Africa and Australia.

Business activities are carried out by two core business segments, namely: (1) the Offshore Support and Accommodation Services division and (2) the Offshore Production Services division.

EMAS Offshore’s excellent operational and HSE (health, safety and environment) track record has allowed the Company to establish strong working relationships with leading international oil majors, national oil companies and various independent operators.

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