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 March 2013, KS Drilling Pte Ltd (KSDR), completed the acquisition of the remaining 50% interest of KSAM2 Petrodrill Offshore Inc. from AK VIII Limited (AKVIII) and Maurlis International Ltd. Inc. On May 2013, the Company announced that its 50% Joint Venture Company, Global Oilfield Services Pte Ltd had been duly dissolved.
