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Ezion clinches service rig contract worth $76m

Singapore’s Ezion Holdings has clinched a contract valued up to $76m to provide a service rig to support a Southeast Asian based national oil company.

Lee Hong Liang, Asia Correspondent

September 16, 2014

1 Min Read

Kalyakan - stock.adobe.com

The contract is over a period of three years including extension options, Singapore-listed Ezion announced.

“The service rig is expected to be deployed and working in the Southeast Asian waters by end 2016,” Ezion stated.

In its earlier second quarter financial results announcement, Ezion had mentioned that its earnings were boosted by the deployment of more service rigs.

The company is also expecting more units of its service rigs to be deployed in the second half of this year.

About the Author

Lee Hong Liang

Asia Correspondent

Singapore-based Lee Hong Liang provides a significant boost to daily coverage of the Asian shipping markets, as well as bringing with him an in-depth specialist knowledge of the bunkering markets.

Throughout Hong Liang’s 14-year career as a maritime journalist, he has reported ‘live’ news from conferences, conducted one-on-one interviews with top officials, and had the ability to write hard news and featured stories.

See more from Lee Hong Liang

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