Mubasher: A wholly-owned subsidiary of Gulf Petroleum Investment (PetroGulf) has leased a land driller for three years, according to a statement to Boursa Kuwait.

GPI revealed that the lease contract’s total value stands at $4.32 million, noting that it could be extended, starting from the second quarter (Q2) of 2020.

The company indicated that it cannot forecast the financial effect of the deal until work begins.