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Oil and Gas Energy News Update

Tuesday, June 28, 2011

KS Energy Secures Contract for Jackup

- KS Energy Secures Contract for Jackup

Tuesday, June 28, 2011
KS Energy Ltd.

KS Energy announced that its wholly-owned subsidiary, Atlantic Rotterdam Limited, has secured a 1 plus 1 year bareboat charter contract worth up to Euro12 million (including the 1 year option) for its Jackup Offshore Accommodation rig Atlantic Rotterdam. The Rig will be deployed for Shell in the UK sector of the North Sea and is expected to commence work on August 1, 2011.

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