KS Energy wins fresh contract extension for rig in Vietnam
Add BT as a preferred source
Annabeth Leow
DeeperDive is a beta AI feature. Refer to full articles for the facts.
MAINBOARD-LISTED oilfield supply and services provider KS Energy has won another contract extension worth about US$6.1 million for its KS Java Star 2 jack-up drilling rig.
The deal is not expected to have any material effect on the company's earnings and net tangible assets per share for the year to Dec 31, the board added in its bourse filing on Thursday.
The group most recently announced an extension for KS Java Star 2, worth US$5.6 million, in July 2019. KS Energy's 80.09 per cent-owned subsidiary KS Drilling had first announced its contract to deploy the rig for a project in Vietnam in December 2018.
Watch-listed KS Energy, which saw a net loss of S$66.3 million for the nine months to Sept 30, lost 0.4 Singapore cent or 21.1 per cent to S$0.015 before the announcement.
Copyright SPH Media. All rights reserved.
TRENDING NOW
Japan stocks look set for new highs in 2025 on earnings, reform
Beijing’s calculated silence on the Iran war
China pips the US if Asean is forced to choose, but analysts warn against reading it like a sports result
Richard Eu on how core values, customers keep Singapore’s TCM chain Eu Yan Sang relevant
