Mubasher: Kuwait Oil Company (KOC) has signed a three-year contract to obtain drilling rigs at a value of $1.3 billion, a recent report stated.
The number of rigs will reach 86, Al-Anba newspaper reported, citing the state-owned oil firm’s CEO Jamal Jaafar.
The deal may be extended for two years based on KOC’s approval, Jaafar added, noting that his firm currently owns 30 rigs.
The nations which will provide the rigs for the Kuwaiti oil company are China, Italy, and the US.
