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Ezion lands $80m service rig deal

Ezion lands $80m service rig deal
Ezion Holdings landed a $80.3m deal to provide a service rig for use by an Asian national oil company to support its oil and gas activities.

The four-year contract will see the service rig working in Southeast Asian waters by the end of 2013 after its refurbishment and conversion.

Singapore-based Ezion said the project will be funded through a bond issue.

TAGS: Offshore