Ezion forms JV with Pacific Int'l Offshore

EZION Holdings on Thursday said its wholly owned subsidiary, Ezion Investments Pte Ltd (EIPL), has entered into a joint venture (JV) agreement with Pacific International Offshore Pte Ltd (PIO) to work together to provide additional assets to an existing client, a national oil company, for development and production related work.

EIPL and PIO will form a JV company whereby the group will own 33 per cent of the JV company, while PIO will own 67 per cent of the JV company.