Kuwait – Mubasher: Gulf Petroleum Investment (PetroGulf) said that its 100%-owned Egypt-based subsidiary, Pyramid Drilling, has finished the drilling works with Gulf of Suez Petroleum Co (GUPCO).
The contract’s termination followed a modification in the drilling plan set by GUPCO, according to a bourse statement issued on Thursday.
On the stock level, PetroGulf ended Thursday’s trading session lower with 1.59% to reach 62 fils, after 8.44 million shares were traded at a value of nearly KWD 519,200.
