The first contract will see it provide aservice rig to an unnamed South Asian based national oil company for a threeyear period.

The rig will be deployed during the firsthalf of next year in the Arabian Sea in South Asia following its refurbishmentand upgrading.

Ezion said the contract was worth US$43.7million but added it did not expect it to have a material impact on itsearnings for the current financial year.

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