Singapore based KS Energy Limited has secured two project contracts with an established shipyard from China to supply major capital equipment, plus ancillary services, worth approximately S$15 million in total for the construction of two jack up rigs.
Under the terms of the contracts, KS Energy is to provide integrated procurement and project management services to the shipyard from China which is constructing two jack—up rigs. Delivery under the contracts is expected to be early 1st quarter of FY2013 and in the 2nd quarter of FY2013 respectively.
[mappress] Offshore Energy Today Staff, February 17, 2012