Monday, Sep 06, 2010
BEIRUT (Zawya Dow Jones)--Kuwait's Gulf Petroleum Investment, or PetroGulf, Monday said its fully-owned unit Pyramid Drilling Co. signed a deal to operate one of its drilling rigs for one year.
The rig will be operated against $19,900 a day which is equivalent to about $594,000 a month, PetroGulf said in a statement posted on the Kuwaiti bourse website.
PetroGulf, whose three major shareholders are International Investment Group, Kuwait Investment Authority, and Grand Real Estate Projects Co., is listed on the Kuwait and Dubai bourses, according to Zawya.com data.
-By Shikrallah Nakhoul, Zawya Dow Jones, +961 1 985757, shikrallah@zawya.com
Copyright (c) 2010 Dow Jones & Co.
(END) Dow Jones Newswires
06-09-10 1224GMT
