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.
