Singapore’s offshore service rigs provider Ezion Holdings has entered into a partnership with Pacific International Offshore, an offshore vessel owner.
The two firms are teaming up in order to provide additional assets to an existing client.
While the client has not been named, Ezion said it was a national oil company, and the work will be related to development and production.
As part of the deal, the two companies will form a joint venture firm, where Ezion will own a 33% share, with Pacific holding 67%.