Tuesday, Mar 05, 2013
BEIRUT (Zawya Dow Jones)--Kuwait's Al Safat Energy Holding Co. (SENERGY.KW) said that Kuwait Oil Co., or KOC, has awarded an $8.7 million deal to its 67.14% owned local unit Eastern National Oilfield Services, or Enos.
Under the four-year contract, Enos will provide oil well sensing and evaluation services to state-run KOC, Safat Energy said in a statement posted on the Kuwait bourse website on Tuesday.
The deal is expected to generate an operating profit equivalent to 10% of its value, according to the statement.
Write to Shikrallah Nakhoul at shikrallah@zawya.com
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(END) Dow Jones Newswires
05-03-13 1006GMT
