The Singapore-listed company said the contract is valued at up to $87.6m over athree-year charter period.

It will be deployed in theArabian Sea and it is expected to start work by early 2015 after itsrefurbishment and upgrading.

In February the companysecured a deal worth about $94m to provide a service rig for work in SoutheastAsian waters for five years.

Ezion is a major operator of multi-purpose self-propelledjack-up rigs, or liftboats, with five vessels due to come into service thisyear.

It