Ezion, PIO Form JV to Suport Development, Production Work by NOC

Ezion Holdings Ltd.'s wholly-owned subsidiary Ezion Investments Pte. Ltd. (EIPL) entered into a joint venture agreement with Pacific International Offshore Pte Ltd. (PIO) to provide additional assets to a national oil company for development and production related work.

EIPL and PIO will form a joint venture firm, with the former owning 33 percent interest and the latter holding the remaning 67 percent.

PIO, which focuses on offshore marine vessel owning, chartering and related services, is 51 percent owned by Pacific International Lines (Private) Ltd. (PIL), with Tan Kim Seng and Ang Boon Cheow Edward holding 34 percent and 15 percent stake, respectively.



Have a news tip? Share it with Rigzone!
Email news@rigzone.com

WHAT DO YOU THINK?

Click on the button below to add a comment.
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.

Related Companies
Events  SUBSCRIBE TO OUR NEWSLETTER

Our Privacy Pledge
SUBSCRIBE

More from this Author
Rigzone Staff
e-mail us at news@rigzone.com
 -  Wood Group Pens Deal Which Will 'Impro... (Jun 26)
 -  Empyrean Energy Kicks Off Aggressive E... (Jun 26)
 -  TRACE Secures INPEX Deal, Creates Jobs (Jun 23)
 -  What Are the Qualifications to Become ... (Jun 23)
 -  SolstadFarstad Emerges After Company M... (Jun 22)


Most Popular Articles

From the Career Center
Jobs that may interest you
Contract Landman
Expertise: Landman
Location: Denver, CO
 
Global Business Development Manager-Pipeline - 11758
Expertise: Business Development
Location: Houston, TX
 
Production Engineering Supervisor Job
Expertise: Engineering Manager|Production Engineering
Location: San Antonio, TX
 
search for more jobs

Brent Crude Oil : $45.54/BBL 0.70%
Light Crude Oil : $43.01/BBL 0.63%
Natural Gas : $2.929/MMBtu 1.34%
Updated in last 24 hours