KS Energy wins $58m Vietsovpetro rig contract

Singapore: KS Energy Limited has announced that wholly-owned subsidiary KS Drilling has secured a contract for the provision of a new 300ft drilling rig in Vietnam for Vietsovpetro.
The contract is valued at close to $58m, and is for a one year period with an option to extend for an additional year. The rig is expected to be deployed in the second quarter of the year.

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