Heavy Engineering Industries and Shipbuilding Company (Heisco) said on Thursday that it had submitted the lowest bid for a contract to provide services for oil production facilities in North Kuwait.

Heisco said in Kuwait bourse statement that the contract for the state-owned Kuwait Oil Company has a value of around 13.8 million Kuwaiti dinars ($45 million).

The 60-month contract includes “provision of repair and revamping services for production facilities in North Kuwait area,” the firm said.

(Writing by Nadim Kawach; Editing by Anoop Menon)

(anoop.menon@lseg.com)

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