Ezion and Allwonder Form Gorgon Joint Venture

15 October 2009 (Last Updated October 15th, 2009 18:30)

Ezion Investments and Australia's Allwonder Enterprises have signed a deal to jointly operate and support the initial development phase of Australia's Gorgon gas fields. In accordance with the agreement, a joint-venture company OMSA Ningaui Pte has been created in Singapore. Ezion and A

Ezion Investments and Australia's Allwonder Enterprises have signed a deal to jointly operate and support the initial development phase of Australia's Gorgon gas fields.

In accordance with the agreement, a joint-venture company OMSA Ningaui Pte has been created in Singapore. Ezion and Allwonder will have equal ownership in the company.

Consequently, OMSA Ningaui will now be Ezion's associated company with a $420,274 issued and paid-up capital.

Ezion Holdings focuses on the development, chartering and ownership of strategic offshore assets and provision of offshore marine logistics and support services for the offshore oil and gas sectors.