Gulf Petroleum Investment Co. said that its 90% owned subsidiary, Superior Oilfield Services, has obtained the required approvals to provide Coil Tubing Services to Saudi Aramco Co. The Kuwaiti company noted in a bourse filling, that such step will allow it an opportunity to penetrate the Saudi oil market and to compete for more tenders there.

This is consistent with the company's strategy which targets diversifying sources of income and boosting revenues, added the statement.


Gulf Petroleum is engaged in providing consulting and economic services to governments and companies specializing in producing and consuming petroleum and petrochemicals in addition to conducting market studies, data gathering in the same field as well as owning all types of machines and tools used in petroleum production.