KS Energy charters semi-submersible rig to Eni in Indonesia

KS Energy has announced that the consortium PT Java Star Rig, a joint venture of KS Drilling and Universal Energy Resources, has been awarded a contract by Eni East Sepinggan to charter semi-submersible drilling rig SSV Catarina in Indonesia.

The work is due to begin in 2019 and the expected value of the contract for the consortium is approximately $95m, a statement from the Singapore-based group explains.

KS Drilling is an 80%-owned subsidiary of KS Energy and it is mainly active in the provision of onshore and offshore drilling services, rig management and support services, oilfield equipment ownership and leasing.

Nicola Capuzzo

Nicola is a highly qualified journalist focused on transport economics, logistics and shipping with broad experience in both online and printed media. Specialties: shipping, ship finance, banking, commodities and port economics. He regularly interviews Europe's top shipowner executives for Maritime CEO magazine.
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