Singapore-listed Ezion Holdings announced Friday that its marine supply base in North Western Australia will be operational by the end of this year, with basic load out and lay down services to be made available.
The company said in a disclosure that several oil and gas services companies have expressed their interest in using the supply base's facilities.
The supply base is built on a plot of land leased by Ezion, from North West Australia, in July 2010. The sea front land, located in close proximity to oil and gas projects in Northwest Australia, Papua New Guinea and Timor-Leste, is leased to Ezion for an initial period of five years, with a 30-year extension option at monthly rental rates.
Ezion noted in 2010 that it has plans to develop marine bases in other areas, based on a similar concept.
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