Ezion to provide jack-up rig for South Asian oil company

 Ezion Holdings Limited is has entered into a contract to provide a Jack-up Rig to support a South Asian based national oil company with a value of approximately up to USD 87.6 million over a 3 year period.

The Jack-up Rig which will be deployed in the Arabian Sea in South Asia is expected to be working by early 2015 after its refurbishment and upgrading. 

“The 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, ” the company said in a statement.

[mappress]