KS Energy announced on June 19 that its 80% owned subsidiary, KS Drilling, has agreed to sell jack-up rig KS Orient Star 1, for US$84.88 million ($106.1 million).
The consideration is about US$45.24 million higher than the aggregate book value of the rig, which was valued at US$39.64 million as of March 31, 2014.
KS Drilling is engaged in the business of providing onshore and offshore drilling services, rig management and support services, oilfield equipment ownership and leasing.
Thursday, June 19, 2014
KS Energy unit sells rig for US$85 mil
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