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KS Energy wins US$11.1m contract for jack-up rig

OILFIELD supply and services provider KS Energy has secured a US$11.1 million contract for a jack-up drilling rig to be deployed in Vietnam.

The contract was won by KS Drilling Operating Company, a wholly-owned subsidiary of KS Energy's 80 per cent subsidiary, KS Drilling.

The work by the KS Java Star 2 rig in Vietnam is expected to start in April 2017, the firm said in an exchange filing on Tuesday evening.

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