SINGAPORE-listed Ezion Holdings has announced the awarding of two separate contracts valued to the tune of more than US$268 million.
One of the contracts secured will see Ezion providing a service rig over a seven year period to support the oil & gas activities of an “east European based national oil major in the North Sea.”
The service rig is expected to be deployed and working in the North Sea by the second quarter of 2015, providing about US$122.6 million to the company’s coffers.
Separately, Ezion said it had received a letter of intent from a South East Asian based national oil company to provide a service rig to support the company’s oil and gas activities.
The contract is values at about US$146 million over five years, with options for extension.
The service rig is expected to be deployed and working in the Southeast Asian waters by the third quarter of 2016.