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.

Jack-up rigs, liftboats to see demand in 2013, Ezion says

Jack-up rigs, liftboats to see demand in 2013, Ezion says
Singapore: More jack-up rigs and liftboats are expected to be deployed in 2013 to meet continuing strong demand from the oil and gas industry, according to Singapore-based Ezion Holdings, which posted improved earnings in the full year ended 31 December 2012.

“The group expects more assets to be deployed in 2013, which includes liftboats and jack-up rigs. The group is also expected to enjoy higher revenue from Australia with the commencement of the APLNG and GLNG projects in 2013,” Ezion said.

Singapore-listed Ezion recorded net profit of $78.84m in 2012, a 35.7% jump compared to $58.12m in 2011.

Revenue also surged 48.4% year-on-year to $158.67m.

TAGS: Offshore