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Singapore : Ezion secures US$86.3 contract in Central America
Publish Date : 07-Jun-2012
Ezion Holdings Limited, a provider of logistic support services to offshore oil and gas industries, announced on Wednesday that it has secured a charter contract with a value of US$86.3 million over a 4 year period.
Ezion is expected provide a service rig to be used by a national oil major to support its oil and gas activities in Central America.
The service rig, which is the third to be deployed in the Sonda de Campeche field, is expected to be working by Q4 of 2012 after its refurbishment and upgrading. The project will be funded through internal resources as well as bank borrowings.
