KS Energy Secures Contract for Jackup

KS Energy announced that its wholly-owned subsidiary, Atlantic Rotterdam Limited, has secured a 1 plus 1 year bareboat charter contract worth up to Euro12 million (including the 1 year option) for its Jackup Offshore Accommodation rig Atlantic Rotterdam. The Rig will be deployed for Shell in the UK sector of the North Sea and is expected to commence work on August 1, 2011.

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