Seatrade Maritime is part of the Informa Markets Division of Informa PLC

This site is operated by a business or businesses owned by Informa PLC and all copyright resides with them. Informa PLC's registered office is 5 Howick Place, London SW1P 1WG. Registered in England and Wales. Number 8860726.

Ezion bags $80m rig charter contract

Ezion bags $80m rig charter contract
Singapore: Ezion Holdings secured a charter contract valued at around $79.9m to provide a jack-up rig to support a South Asia-based national oil firm.

The contract is over a three-year period with an additional two-year extendable option.

“The jack-up rig which will be deployed in the Arabian Sea in South Asia is expected to be working by the fourth quarter of 2013 after its refurbishment and upgrading,” Singapore-listed Ezion said.

The project will be funded through internal resources as well as bank borrowings.

TAGS: Offshore