Ezion secures a contract with an approximate value of USD43.7 million (Scandinavian Oil-Gas Magazine)

Ezion secures a contract with an approximate value of USD43.7 million

Published Apr 17, 2014

The Board of Directors of Ezion Holdings Limited has secured a charter contract with a value of approximately USD 43.7 million over a 3 year period to provide a service rig ('Service Rig') to support a South Asian based national oil company.

The Service Rig which will be deployed in the Arabian Sea in South Asia is expected to be working by 1H 2015 after its refurbishment and upgrading.

The abovementioned charter is not expected to have a material impact on the Group's earnings per share or net tangible assets per share for the financial year ending 31st December 2014.

Tags: Ezion Holdings Limited

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Ezion secures a contract with an approximate value of USD43.7 million

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