Ezion Signed $76m Contract to Provide a Service Rig

Source: www.gulfoilandgas.com 9/15/2014, Location: Asia

The Board of Directors of Ezion Holdings Limited is pleased to announce that it has secured an agreement with a contract value of up to approximately USD 76 million over a 3 year period including extension options to provide a Service Rig to be used by a Southeast Asian based national oil company to support its oil & gas activities.

The Service Rig is expected to be deployed and working in the Southeast Asian waters by end 2016.

The abovementioned project is not expected to have a material impact on the Group’s earnings per share or net tangible assets per share for the financial year ending 31st December 2014.

None of the Directors or substantial shareholders of the Company has any interest, directly or indirectly, in the abovementioned transaction, save for their shareholdings in the Company.

For more information about related Opportunities and Key Players visit Caspian Region Projects


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Related Categories: General  Rig Equipment  Rig Operators  Rigs, Coring & Exploration 

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