KS Discoverer 1 to stay in Kurdistan

KS Discoverer 115 October 2014, News Wires – KS Energy subsidiary KS Drilling has signed a new contract with Canadian company Oryx Petroleum which will see its onshore drilling rig KS Discover 1 continue to operate in Kurdistan.

KS Energy said the US$4.5 million contract would see the rig continue to operate in Kurdistan until the first quarter of 2015.

It added that it did not expect the deal to have a material effect on its earnings for the current financial year ending 31 December.

KS Energy holds an 80% interest in KS Drilling.



– Upstream

About the Author