Ezion enters into $298m Central American jv

 

Singapore: Offshore firm Ezion Holdings Limited today announced it has entered into a jv with Kim Seng Holdings Pte Ltd which has secured contracts to provide two service rigs to a national oil major in Central America.
 
The contract length is seven years and vauled at US$298m, with the rigs to be acquired first and then deployed in the Bay of Campeche during the first quarter of 2013. 
 
The announcement comes as Ezion’s third quarter financial statement shows a 21.1% increase in revenue to US$38.6 million, as compared with the same period last year. [06/11/12]
 

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