Ezion pulls in two more rig jobs
Ezion Holdings said it has secured a $201m five-year charter contract to provide a service rig to be used by a Southeast Asian-based national oil company, believed to be Malaysia's Petronas, to support its oil and gas activities in the Caspian Sea, Seatrade Asia online reports.
The rig is expected to be deployed and working in the fields of Garagel-Deniz (Gubkin), Deyarbekir (Barinov) and Magtymguly (East Livanov) by the fourth
quarter of next year after its refurbishment and upgrading.
Ezion added that it has also received a letter of intent with a value of up to approximately $82.1m over a five-year period to provide another service rig to support the oil and gas activities of the same client. The rig is expected to be deployed and working by the fourth quarter of 2014.
The projects will be funded through internal resources as well as bank borrowings. However they are 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 December, 2012.