Ezion clinches US$80.3m charter contract for European oil major

The group will be providing a second North Sea Class service rig to be deployed in Denmark.

Ezion Holdings Limited announced that it has secured a charter contract with a value of up to USD 80.3 million over a 4 year period to provide a second North Sea Class service rig to be used by a European oil major to support its oil & gas activities in offshore Denmark.

The Service Rig is expected to be deployed and working in offshore Denmark by the 4th Quarter of 2012 after its refurbishment and upgrading. The above mentioned project will be funded through internal resources as well as bank borrowings.

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