PT Atlantic Oilfield Services Bags Drilling Contract in North Sumatra

KS Energy Ltd. disclosed Tuesday that PT Atlantic Oilfield Services, a unit of its subsidiary of KS Drilling Pte Ltd. has bagged a geothermal drilling contract for work in North Sumatra, Indonesia commencing in the middle of the fourth quarter of 2016.

The contract, which covers a period of approximately 6 months, is worth approximately $7 million.

KS Drilling, owned 80.09 percent by KS Energy, is engaged mainly in the provision of onshore and offshore drilling services, rig management and support services, oilfield equipment ownership and leasing.



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