More jack-up rigs and liftboats are expected to be deployed in 2013 to meet continuing strong demand from the oil and gas industry, according to Singapore-based Ezion Holdings, which posted improved earnings in the full year ended 31 December 2012.
“The group expects more assets to be deployed in 2013, which includes liftboats and jack-up rigs. The group is also expected to enjoy higher revenue from Australia with the commencement of the APLNG and GLNG projects in 2013,” Ezion said.
Singapore-listed Ezion recorded net profit of $78.84m in 2012, a 35.7% jump compared to $58.12m in 2011.
Revenue also surged 48.4% year-on-year to $158.67m.