KS Energy in Indonesian rig contract

north sea oil rig23 November 2015, News Wires – Singapore-listed KS Energy has landed a contract for its jack-up drilling rig KS Java Star in Indonesia.

KS Energy did not state who the jack-up rig would be chartered to, however it said the value of the contract was roughly US$2.8 million.

The jack-up is expected to begin work in Indonesia in December, with the contract not expected to have any material effect on KS Energy’s earnings for the financial year ending 31 December.

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