Kuwait-Mubasher: National Petroleum Services Company (NAPESCO) said it launched a successful bid for a KWD 10.6 million ($35.15 million) tender lodged by state-owned Kuwait Oil Company (KOC).
A filing with the exchange showed that the maintenance tender covers a period of five years with a renewable option for six months.
A profit margin of 10% or KWD 1.06 million is expected by the winning tenderer, according to its Wednesday statement.
Last November, NAPESCO said it received an order to supply KOC with drilling equipment for KWD 707.120, with a 10% profit margin.
