UK: Shell Charters Atlantic Rotterdam Accommodation Rig from KS Energy

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.