Ezion Holdings Limited has secured a contract with an approximate value of USD 122.6 million to provide a Service Rig over a 7 year period to support the oil & gas activities of an east European based national oil major in the North Sea, the company said in its press release.
The Service Rig is expected to be deployed and work ing in the North Sea by 2Q 2015. The abovementioned charter 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. 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.
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 most 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. Ezion’s Liftboats are used mainly for well-servicing, commissioning, maintenance and decommissioning of offshore platforms.