Ezion Secures $43.7m Contract to Provide a Service Rig

Source: www.gulfoilandgas.com 4/15/2014, Location: Asia

The Board of Directors of Ezion Holdings Limited has secured a charter contract with a value of approximately USD 43.7 million over a 3 year period to provide a service rig to support a South Asian based national oil company.

The Service Rig which will be deployed in the Arabian Sea in South Asia is expected to be working by 1H 2015 after its refurbishment and upgrading.

The abovementioned charter is not expected to have a material impact on the Groupís 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.


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

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


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