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Loss-making KS Energy secures 2 contracts worth US$24 mil

Samantha Chiew
Samantha Chiew • 2 min read
Loss-making KS Energy secures 2 contracts worth US$24 mil
SINGAPORE (June 28): Energy services providerKS Energy announced it has secured two contracts worth US$23.9 million ($32.4 million).
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SINGAPORE (June 28): Energy services provider KS Energy announced it has secured two contracts worth US$23.9 million ($32.4 million).

The first contract was awarded to a consortium of PT Atlantic Oilfield Services, a subsidiary of KS Drilling and and PT Java Star Rig, a joint venture of KS Drilling.

KS Drilling is an investment holding company that is 80.09%-owned subsidiary of KS Energy. Its main activities of its subsidiaries are in the provision of onshore and offshore drilling services, rig management and support services, oilfield equipment ownership and leasing.

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