Offshore services provider Ezra is considering a second listing in London because of increasing offshore oil production activities in the North Sea, Seatrade Asia Online reports. Ezra, which is already listed in Singapore and has one subsidiary listed in Norway, will wait until the current market volatility has calmed before making further decisions on the London listing, according to Lionel Lee, managing director of Ezra.
“I think London is getting very attractive to us because of the North Sea. We could see two main listings in Singapore and London. But due to the market situation we've decided to hold fire for a bit,” Lee was reported saying.
Ezra is sitting on orderbook worth approximately $600m and it expects to grow the amount to $1bn by March 2012.
“I think London is getting very attractive to us because of the North Sea. We could see two main listings in Singapore and London. But due to the market situation we've decided to hold fire for a bit,” Lee was reported saying.
Ezra is sitting on orderbook worth approximately $600m and it expects to grow the amount to $1bn by March 2012.