Singapore’s Ezion Holdings reported Wednesday that it has secured a 5-year charter contract worth approximately $63.9 million.
The contract is to provide a service rig to an oil major for work in the Middle East.
After completing refurbishment and upgrading, the service rig will be deployed to work in the offshore oil and gas fields in the Middle East before the end of 2014.
Ezion CEO Chew Thiam Keng said, “The management is witnessing increased focus on platform and well related work by the oil majors in Asia Pacific, Middle East and West Africa. As a result … the Group will continue to focus on investment in Service Rigs to meet the strong demand.”