Ezion Inks LOI to Supply Liftboat Service to Southeast Asian Oil Company

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Ezion Holdings revealed Thursday that it has inked a letter of intent with a Southeast Asian based national oil company to provide a liftboat to support the latter's oil and gas activities.

Ezion expects to deploy the liftboat by 3Q 2013, after its final commissioning and completion. The $43.5 million contract, said Ezion, will run for two years.

This is the second contract Ezion has bagged in the Southeast Asian this year.

Earlier on Jan. 15, the company announced that it won a contract to supply a liftboat to a Southeast Asian firm. The contract, worth $116.8 million, is expected to start from 1Q 2015 and run for four years.

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