KS Energy bags $32m drilling works
Thursday, July 21 2011 - 12:48 PM WIB
Singapore-listed firm KS Energy Limited announced Thursday that PT Petro Papua Energy, one of its drilling related subsidiaries, has won the tender for a contract, by a major oil company operating in Indonesia, to provide work-over and well services worth approximately US$32 million over 4 years.
The contract is expected to start end September 2011
The formal contract will be signed between all the parties concern in due course, the company said without giving detail.(alex)