Finance & Investing
News Services
Newsletters
Get free industry updates via email.
Daily News
Weekly News
Equipment Updates
Weekly Job Register
Monthly Event Guide
Our privacy
pledge.


advertisement

Ezion Secures Letter of Intent for Liftboat Deal in Southeast Asia

change text size

Singapore-listed Ezion revealed Tuesday that it has been awarded a letter of intent from a Southeast Asian state-linked corporation for the charter of a liftboat over a four-year period .

The contract, worth around $116.8 million, will start in 1Q 2015.

Ezion said that the liftboat will be deployed in the waters of Southeast Asia upon its completion around the end of 2014.

Ezion's performance last year was "spectacular," Maybank Kim Eng's Analyst Yeak Chee Keong noted in a sector update Jan. 10. The company clocked in at least one new contract win a month for the first 11 months of 2012.

Yeak noted that 2013 will be another year of strong contract wins for Ezion, as the company reaches its optimal liftboat fleet size of around 30 by the end of the year.
 

WHAT DO YOU THINK?

Post a Comment Generated by readers, the comments included herein do not reflect the views and opinions of Rigzone. All comments are subject to editorial review. Off-topic, inappropriate or insulting comments will be removed.


Most Popular Articles
From the Career Center
Jobs that may interest you
Maintenance Planning Manager (CCGT Power & Desalination)
Expertise: Maintenance Manager
Location: United Arab Emirates
 
Electrical Maintenance Manager (CCGT Power & Desalination)
Expertise: Electrical Engineering, Maintenance Manager
Location: United Arab Emirates
 
Integrity Manager
Expertise: Corrosion Engineering, Maintenance Engineer, Maintenance Manager
Location: Cairo
 
search for more jobs