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01/09/2025 01:56 AST
Oman-based Abraj Energy Services has announced that it has won contract extensions for four of its drilling rigs project from Occidental Oman (OXY). The total value of these contract is more than RO85 million ($220.3 million).
This extension includes an additional five-year period, extending until August 2030, said Abraj Energy Services in its filing to Muscat Stock Exchange.
It comes as a result of Abraj's outstanding operational performance and its firm commitment to the highest standards of operations, health, safety, and the environment, it stated.
Abraj said this long-term extension reflects the strengthening of the strategic partnership between the two companies and represents an important step toward reinforcing the Omani company's financial sustainability through revenue visibility and continued growth in the energy services sector in the sultanate.
The company remains commited to delivering specialised and integrated solutions in well engineering and energy services, and supporting Oman's aspirations in developing the energy sector, it added.
Trade Arabia
25/08/2025
Abraj Energy Services, the largest oil and gas field services company in Oman, announced the award of contract extensions for four of its drilling rigs by Occidental Oman (Oxy), with a total value ex
Muscat Daily
30/07/2025
Abraj Energy Services, Oman's leading oil and gas services provider, on Tuesday announced the signing of significant contracts with Petroleum Development Oman (PDO) to provide six state-of-the-art la
Muscat Daily
16/05/2025
Abraj Energy Services has signed a contract with BP Oman to provide a drilling rig for operations in Block 61, with the rig expected to become operational in the fourth quarter of 2025.
The
Muscat Daily
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10/11/2025
In its latest effort to enrich customers' banking journey with added value, Burgan Bank presents Kuwaiti employees with salary account, Al Rateb, tailored conveniently to meet their needs and financi
Kuwait Times
10/11/2025
Dizlee, Zain Group's API (application programming interface) digital monetization ecosystem provider has entered a strategic partnership with Aduna, enabling faster deployment of new digital services
Kuwait Times
10/11/2025
Dukhan Bank has signed a strategic Memorandum of Understanding (MoU) with Global Infrastructure Partners (GIP), a part of BlackRock, marking a historic first for the Qatari banking sector.
A
Gulf Times
10/11/2025
QNB Group announced the winners of two Sea Ray boats as part of its QNB Visa Credit Card Summer Campaign during the Qatar Boat Show 2025 - a four-day luxury event at Doha Port showcasing world-class
Gulf Times
10/11/2025
Qatar Islamic Bank (QIB has announced the latest millionaire as part of the Misk Account 8th edition, continuing its commitment to rewarding responsible saving and empowering customers across Qatar.
Gulf Times
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