Federal Acquires Rig from PT Geo Link

Federal Acquires Rig from PT Geo Link

SINGAPORE (Yosefardi) – PT Federal International, subsidiary of Federal International (2000) Ltd, has entered into a conditional sale and purchase agreement with PT Geo Link Nusantara to acquire a 1,000 HP Brewster N-85 land drilling rig. Federal agreed to pay a...

KS Energy & Pertamina Set Up Joint Venture

SINGAPORE (Yosefardi) – KS Energy Ltd, controlled by Indonesian tycoon Kris Wiluan, plans to establish a joint venture with PT Pertamina Drilling Services Indonesia (PDSI). The joint venture, according to KS Energy’s disclosure to SGX today, will own and...