Ezion Deploying Jack-Up Rig in Arabian Sea

Ezion Holdings Limited today announced it has secured a charter contract to provide a jack-up rig to support a South Asian based national oil company.

The value of the 3-year contract is approximately USD 79.9 million. The client will also be able to extend the contract for another 2 years if needed.

The jack-up rig which will be deployed in the Arabian Sea is expected start the contract by the 4th Quarter of 2013 after its refurbishment and upgrading.

[mappress]
February 18, 2013