Ithas signing of a memorandum of agreement (MOA) with Empresas ICA to tap intoMexico’s expanding oil and gas industry.
Thejointly controlled entity will provide drilling services and heavy capitalequipment, KS Energy said in a statement.
By2014, the duo is expected to initially acquire two new high specificationjack-up drilling rigs valued at about $240m each.
“Thisis only the start for our joint venture entity and a new milestone for us,”said KS Energy executive chairman Kris Wiluan.
“Wewe
