Singapore: Singapore offshore firm Ezion Holdings has received a letter of intent from an oil major to provide a service rig to be used by an oil major to support its activities in Southeast Asia.
The contract is valued at $65m over a 3 year period, and Ezion is now in the process of forming a jv company to order and own the rig required for the project, which is expected to be deployed by late 2015.
Three months ago Ezion secured a 4-year charter contract for a service rig to be used in the Middle East valued at $49.1m. [28/10/13]
