KS Energy Limited  announced that KS Drilling Pte Ltd, through one of its subsidiaries, has signed a contract with BP Pakistan Exploration & Production Inc. to lease and operate its land rig – KS Discoverer 3. Work is expected to commence second half of October 2011   The rig will operate in Pakistan for a period of one year plus one year renewal option. The total value for the contract (including the one year renewal option) would be about US$14 million.  (Close: S$1.00,-1.96%)
 
/sgx