KS Drilling's Unit Secures $17.4M Drilling Contract in Indonesia



Singapore-listed KS Energy Ltd. announced Friday that PT Atlantic Oilfield Services, a unit of its subsidiary KS Drilling Pte Ltd. has secured a drilling contract in Indonesia, with work scheduled to commence in January 2017.

The company said the 14 month-long assignment has contract value of approximately $17.4 million.

KS Drilling, an 80.09 percent owned by KS Energy, focuses on the provision of onshore and offshore drilling services, rig management and support services, oilfield equipment ownership and leasing.



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