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Singapore : Ezion JV wins US$298m deal
Publish Date : 07-Nov-2012
Ezion Holdings Ltd announced Tuesday that its joint venture with Kim Seng Holdings Pte Ltd has won contracts worth US$298 million to provide two service rigs through a seven year period for a national oil major in Central America to support oil and gas activities.
The service rigs will be deployed to the Bay of Campeche and are expected to be working by the first quarter of 2013. The joint venture will acquire and own the rigs to meet the requirements of the contracts.
The acquisitions will be funded by internal resources as well as bank borrowings.
