Ezion Offshore enters into MoU for the storage and distribution of fuel on Port Melville in Northern Australia
Ezion Holdings Limited, a leading Singapore headquartered, Liftboat developer, owner and operator as well as offshore logistics support service provider, announces, that its wholly owned subsidiary, Ezion Offshore Logistics Hub has entered into a memorandum of understanding with a large multi- national fuel trading and distribution company for the potential storage and distribution of fuel on Port Melville in Northern Australia, the company said in its press release.
The main activities of Port Melville will be marine base support and port services. EOLH, which controls Port Melville, has been appointed in April 2014 as the exclusive port operator of Port Melville. It has received formal notification recognizing Port Melville as a security regulated port by the Australian Government under the Maritime Transport and Offshore Facilities Security Act 2003 (the Act).
EOLH is in the process of developing a 30 million litres tank farm on Port Melville to meet the fuel storage and distribution requirements of the oil and gas multinationals that are operating in the Northern Territory of Australia and the Timor Sea.
Captain Larry Johnson, CEO of Ezion’s Australian Operations said: “The fuel distribution and storage arrangement under discussion would form an important part of a wide range of port services being developed by Port Melville in support of the Oil & Gas Industry in Northern Australia and its vicinity. We also believe this project would be mutually beneficial to the two companies and is expected to significantly enhance the profitability of EOLH going forward”.
About Ezion Holdings Limited
Ezion Holdings Limited has 2 main business divisions that specialises in the development, ownership and chartering of strategic offshore assets and the provision of offshore marine logistics and supp ort services to the offshore oil and gas industries. The Group is the owner of one of the largest and most sophisticated class of Multi-Purpose Self Propelled Jack-up Rigs in the world a nd one of the first to promote the usage of Liftboa ts in Asia & Middle East.