The service will be deployed offshore Myanmar to work in Yadana field before the end of 2012 after its refurbishment and upgrading. “The above mentioned project will be funded through internal resources as well as bank borrowings,” Ezion said in a statement.
Singapore-list Ezion said the charter is not expected to have a material impact on the group's financial results for the year ending 31 December 2012.
Ezion owns a fleet of 29 vessels consisting of tugs, ballastable barges, offshore support vessel and self-propelled barge.
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