Kuwait – Mubasher: Contracting and Marine Services said Kuwait Drilling Co., subsidiary, was awarded a contract worth KWD 63.37 million ($209.3 million) by Kuwait Oil Company (KOC), according to  a bourse statement issued Monday.

The five-year contract is renewable for another year.

The annual profit is 3%, amounting to KWD 9.5 million for the whole five years of the contract’s duration.

Late July, Kuwait Drilling won a tender KWD 34.07 million by KOC.