Thefirst deal is worth $43.7m and will see it charter a rig for three years to support a South Asian based national oil company.

Ezion says the rig will be deployed by thefirst half of 2015 after it has undergone refurbishment and upgrading.

The second contract, also for three years, involvesthe provision of a rig to a Middle East-based company in a deal worth $35m.

The