OPEC member Kuwait has awarded contracts to nine local and foreign companies with a combined value of around 230 million Kuwaiti dinars ($759 million) for the supply and installation of 31 oil drilling towers, a local newspaper reported on Sunday.
The nine firms were among several bidders for the tender issued by the state-owned Kuwait Oil Company (KOC) within an ongoing programme to expand its hydrocarbon industry, the Arabic language daily Alanba said.
The report did not provide contract details but said KOC is planning to drill 400 new oil and gas wells and that the new rigs would boost its total drilling towers to 150, including 80 drilling towers and 70 repair and maintenance towers.
(Writing by Nadim Kawach; Editing by Anoop Menon)
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