CMS
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66.00
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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.
Source:
Mubasher