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Ezion Secures Jackup Charter Contract

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Ezion Holdings revealed Monday that it has secured a charter contract worth around $79.9 million over a three year period to provide a jackup to support a South Asian based national oil company. The contract comes with a two year extendable option.

The jackup, which will be deployed in the Arabian Sea in South Asia, is expected to be working by 4Q 2013 after refurbishment and upgrading works.

Ezion added in its statement that the project will be funded through internal resources as well as bank borrowings, without giving further details.
 

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