Ezion secures $35 million charter contract to supply Service Rigs

4/17/2014

Ezion secures $35 million charter contract to supply service rigs

SINGAPORE -- The Board of Directors of Ezion Holdings reported that it has secured a charter contract with a value of approximately $35 mn over a 3-year period to provide a service rig to be used by a Middle Eastern state-linked company to support its oil and gas activities in the Arabian Gulf.

The service rig is expected to be deployed and working in the offshore oil and gas fields in the Arabian Gulf by 1H 2015 after its refurbishment and upgrading.

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