Ezra Holdings said it plans to sell its stake in floating production, storage and offloading vessel.
The move comes as it looks to strengthen its financial position amid the oil price decline.
The company and its unit EMAS Offshore plan to sell thier combined 78.4% holding in PV Keez – which owns the vessel – to a global infrastructure investment firm.
The terms of the deal and the name of the buyer were not disclosed.
Ezra also revealed it had posted a loss of $282.6million for its second quarter ended February, compared with a profit of $4.7million a year ago, hit by a weakness in the offshore support sector and asset impairment charges.
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