KS Distribution Pte Ltd (KSD), a subsidiary KS Energy Limited has secured two deals worth a S$70 million to supply components for the construction of two jack-up rigs in China.
Under the terms of the contract, KSD is to provide integrated procurement and project management services to the shipyard which is building the two jack-up rigs.
Construction component delivery is assumed to start from the second half of FY2012 with completion targeted by the first half of FY2014.
Under the terms of the contract, KSD is to provide integrated procurement and project management services to the shipyard which is building the two jack-up rigs.
Construction component delivery is assumed to start from the second half of FY2012 with completion targeted by the first half of FY2014.