KS Energy bags US$4.1m land drilling rig contract
Works will begin in January 2016.
A subsidiary of KS Energy has been awarded a US$4.1m contract for a land drilling rig in Pakistan.
Works are expected to begin in January 2016 and is not expected to have an effect on the group's earnings for the current financial years.
KS Drilling, an 80%-owned subsidiary of the Company, is an investment holding company. The main activities of its subsidiaries are in the provision of onshore and offshore drilling services, rig management and support services, oilfield equipment ownership and leasing