KS Energy Limited announced today that its wholly-owned subsidiary, Atlantic Rotterdam Limited, has secured a 1 plus 1 year bareboat charter contract worth up to $12 million (including the 1 year option) for its Jack-up Offshore Accommodation rig Atlantic Rotterdam .
The Rig will be deployed for Shell in the UK sector of the North Sea and is expected to commence work on 1 August 2011.
Source: KS Energy, June 27, 2011
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