Charter contracts pour in for KS Drilling

Singapore: KS Drilling, a subsidiary of Singapore-listed KS Energy, has won contract extensions for a number of rigs.

Belayim Petroleum has added another year plus an option for one more to its charter deal for the KS Medstar-1 jack-up. The one-year extension is worth $40.9m.

OP Hawler Kurdistan has extended its charter of the onshore drilling rig, KS Discoverer 1 through to first quarter of next year for $11.9m.

Meanhile, Ocean Pakistan has taken the onshore drilling rig KS Discoverer 3 through to the fourth quarter of this year for $7.4m.  [23/05/14]

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