Ezion scores two deals worth $333.2m to provide service rigs

SINGAPORE - Offshore services firm Ezion Holdings said on Tuesday it has bagged two deals worth US$268.6 million (S$333.2 million) in total.

The Singapore-listed company clinched a contract worth US$122.6 million to provide a service rig for seven years, it said.

The rig, which is expected to be deployed by the second quarter of next year, will support the oil and gas activities in the North Sea of a East Europe-based national oil major.

Ezion also received a letter of intent for a contract worth about US$146 million over a five-year period to provide a service rig for a Southeast Asia-based national oil company. This rig is scheduled to be deployed by the third quarter of 2016.

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