SHIPPING & MARINE | Staff Reporter, Singapore

KS Energy-Universal Energy Resources consortium bags $129.6m drilling contract

It will charter a semi-submersible drilling rig in Indonesia in H2 2019.

A consortium of PT Java Star Rig, a joint venture of KS Drilling and Universal Energy Resources, has clinched a drilling contract from Eni East Sepinggan worth $129.6m (US$95m), an announcement revealed.

Also read: Keppel O&M bags US$425m repeat order for semisubmersible rig from Awilco

Under the contract, the two firms will charter sixth-generation semi-submersible drilling rig SSV Catarina in Indonesia. The work is expected to begin in H2 2019.

KS Drilling is an 80%-owned subsidiary of integrated oilfield equipment and services firm KS Energy. 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.

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