Ezion to get 5 year service rig deal

Singapore: Offshore firm Ezion Holdings Limited has received a letter of intent from a Southeast Asian national oil company for a contract to provide a service rig for a five year period.
 
The deal is valued at $94m and the rig is expected to be deployed and working in Southeast Asian waters by the first quarter of 2016.
 
Earlier this month Ezion acquired the multi-purpose self propelled jack-up rig Teras Conquest 4 for $32.5m, the rig previously on charter from a group of investment funds. [16/01/14]

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