KS Energy eyes JV with Empresas ICA for its Mexican foray

Will initially require two jack-up rigs worth USD240m each.

According to OSK, KS Energy is typing up with Empresas ICA to set up a joint venture which will provide drilling services and heavy capital equipment for Mexico's offshore oil and gas exploration markets. The joint venture entity will be jointly owned by ICA and KS Drilling which is expected to initially require two new high specification jack-up drilling rigs valued at USD240m each.