Ezion gets a letter of intent with a contract including extension options to provide a service rig to support a South East Asian based national oil company
Ezion Holdings Limited announces that it has received a letter of intent with a contract value of up to approximately USD 146 million over a 5 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 company said in its press release.
The Service Rig is expected to be deployed and working in the Southeast Asian waters by the 3Q 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 31 st December 2014.
About Ezion Holdings Limited
Ezion Holdings Limited has 2 main business divisions that specialises in the development, ownership and chartering of strategic offshore assets and the provision of offshore marin e logistics and support services to the offshore oil and gas industries. The Group is the owner of one of the largest and mo st sophisticated class of Multi-Purpose Self Propelled Jack-up Rigs in the world a nd one of the first to promote the usage of Liftboats in Asia & Middle East.