Mubasher: National Petroleum Services (Napesco) announced the signing of a tender contract worth KWD 109.6 million with Kuwait Oil Company (KOC) for the execution of operations and services on coiled tubing.

The five-year deal is expected to generate a12.5% profit margin of the contract's value (estimated at KWD 13.7 million) subject to the project’s workflow, according to a statement to the Kuwaiti bourse on Sunday.

On 12 February, Napesco was awarded the said tender.

Source: Mubasher

All Rights Reserved - Mubasher Info © 2005 - 2020 Provided by SyndiGate Media Inc. (Syndigate.info).

Disclaimer: The content of this article is syndicated or provided to this website from an external third party provider. We are not responsible for, and do not control, such external websites, entities, applications or media publishers. The body of the text is provided on an “as is” and “as available” basis and has not been edited in any way. Neither we nor our affiliates guarantee the accuracy of or endorse the views or opinions expressed in this article. Read our full disclaimer policy here.