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KS Energy wins $15.5 mil drilling rig contract in Vietnam

Jude Chan Published on Tue, Apr 04, 2017 / 5:35 PM GMT+8

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SINGAPORE (April 4): KS Energy announced Tuesday that its subsidiary, KS Drilling Operating Company, has secured a US$11.1 million ($15.5 million) contract for the “KS Java Star 2” jack-up drilling rig.

The work in Vietnam is expected to commence this month.

KS Energy says the new contract is not expected to have any material effect on its earnings per share and net tangible assets per share for the financial year ending Dec 31, 2017.

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