KGOC, Saudi Chevron Awards $25.4 MM to Napesco

KGOC, Saudi Chevron Awards $25.4 MM to Napesco

Kuwait’s National Petroleum Services (Napesco) was awarded a $25.4 million tender by Kuwait Gulf Oil Company (KGOC) and the Kuwait-based Saudi Arabian Chevron Incorporation, according to Mubasher.

The tender will extend to five years where Napesco is expected to provide environmental services for sludge treatment.

It is worth noting that the deal has not been signed yet, however, the two parties will sign an agreement in the first half of March 2020. The company is anticipated to gain a profit margin of 7% for the deal.

Napesco is a privately-owned company that provides upstream services to the Kuwaiti Energy Sector.


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