KS Medstar-1 Commences Operations for Petrobel

KS Energy has taken delivery of KS Medstar-1 and the rig began its contract with Belayim Petroleum Company ("Petrobel"), on April 11, 2008 in the Mediterranean Sea. Petrobel is a joint venture between the Egyptian General Petroleum Corporation and Agip/ENI, the petroleum company of Italy.

The contract is for a period of 3 years with contract value of US$130 million plus a renewal option for one year. When the renewal option is exercised, the value of the contract will be increased to US$175.2 million.

For More Information on the Offshore Rig Fleet:
RigLogix can provide the information that you need about the offshore rig fleet, whether you need utilization and industry trends or detailed reports on future rig contracts. Subscribing to RigLogix will allow you to access dozens of prebuilt reports and build your own custom reports using hundreds of available data columns. For more information about a RigLogix subscription, visit www.riglogix.com.
Events  SUBSCRIBE TO OUR NEWSLETTER

Our Privacy Pledge
SUBSCRIBE


Most Popular Articles


From the Career Center
Jobs that may interest you
United States Evansville: Sr Field Engineer - Directional Drilling
Expertise: Directional Driller
Location: Evansville, WY
 
Expeditor
Expertise: Driller|Logistics Management|Materials Management
Location: Anchorage, AK
 
Rig Operator
Expertise: Rig Manager
Location: Odessa, TX
 
search for more jobs

Brent Crude Oil : $54.46/BBL 0.96%
Light Crude Oil : $51.68/BBL 1.21%
Natural Gas : $3.44/MMBtu 1.99%
Updated in last 24 hours