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 in $82m service rig contract LOI

Ezion in $82m service rig contract LOI
Ezion Holdings has received a letter of intent (LOI) for a $82.1m service rig contract in Southeast Asia.

The Singapore-listed firm said it had received the LOI from a Southeast Asian national oil firm and the contract would run for five years.

To fulfill the contract Ezion said it would be ordering an additional service rig to join its fleet, which it expected to be deployed by the first quarter of 2015.

The rig will be funded by redeemable exchangeable preference shares and bank borrowings.

TAGS: Asia Offshore