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Business Description
KS Energy Limited (KS Energy) is engaged in trading of hydraulic products, instrumentation and equipment for the shipbuilding, marine and oil and gas industries, trading in hardware products and oilfield equipment, and investment holding. It operates in two segments. Distribution includes sales of hydraulic products and tools and equipment and provision of design engineering, project management and fabrication of systems equipment for industrial applications to the marine and oil and gas industries. Capital equipment and related services includes provision of capital equipment and related services to the oil and gas industry. In January 2014, KS Energy Limited announced that KS Rig Invest Pte Ltd, a wholly owned subsidiary of KS Drilling Pte. Ltd, 80% owned subsidiary of the Company incorporated KS Rig Invest Three Ltd in the British Virgin Islands. In April 2014, it incorporated two wholly-owned subsidiaries:.KS Rig Invest Five Ltd and KS Rig Invest Six Ltd.