Ezion enters into a joint venture agreement with Chinese state-owned enterprise for the chartering of service rigs
The Board of Directors of Ezion Holdings Limited has entered into a joint venture ag reement with a Chinese state-owned enterprise (“SOE”) for the deployment of Service Rigs to support the offshore windfarm market, the company said in its press release.
The SOE is one of the key state-owned enterprises op erating under the direct administration of State-owned Assets Supervision and Administration Commission of the State Council. It is a large- scale modern corporate group with world-wide businesse s in integrated logistics, shipping and shipbuilding industry.
The SOE will be responsible for the integration of d omestic requirements for the operations of Service Rigs in the offshore wind farm market in China. Ezion will be responsible for the technical, operational management and commercial aspects of the Service Rigs that will be chartered by the joint ven ture company.
The above mentioned joint venture will be complementary to the strategic cooperation agreement with another Chinese state-owned enterprise to support offshore wind power installation projects in China pursuant to the announcement made on 14 th December 2015.
About Ezion Holdings Limited:
Ezion Holdings Limited has 2 main business divisions that specialises in the development, owne rship and chartering of strategic offshore assets a nd the provision of offshore marine logistics and support services to the offshore oil and gas industries. The Group is the owner of one of the largest and mo st sophisticated class of Multi Purpose Self-Propel led Jack-up Rigs in the world and one of the first to promote the usage of Liftboats in Asia & Middle East Ezion’s Liftboats are used mainly for w ell-servicing, commissioning, maintenance and decommissioning of offshore platforms. The Group is also the owner of a fleet of vessels, consisting of tugs, ballastable barges, offshore support vessel and self-propelled barge that are used in th e provision of offshore marine logistics and support services to the offshore oil and gas industries.