Latest news with #Abraj
Observer
29-07-2025
- Business
- Observer
Abraj, PDO expand partnership with new contract
MUSCAT: Abraj Energy Services has signed a strategic agreement with Petroleum Development Oman (PDO) to deploy six onshore drilling rigs in Block 6, a key asset in the Sultanate of Oman's energy sector. Drilling operations will be phased in from the fourth quarter of 2026. This marks a major expansion in the longstanding collaboration between Abraj and PDO, underlining the company's expertise in delivering high-performance, safe, and reliable drilling solutions aligned with international standards. Hood bin Khalfan al Barashdi, Acting General Manager of Business Development at Abraj, said the agreement highlights the company's reputation for operational excellence and the trust it has earned through safe and efficient service delivery. He emphasised that the deal reflects Abraj's broader strategy to strengthen its role in advancing the energy sector while maximising in-country value (ICV). The partnership with PDO forms part of Abraj's wider growth strategy. The company has recently secured additional contracts, including a new deal with BP Oman for drilling services in Block 61, and an agreement with ARA Petroleum Limited to drill three wells in Block 44. It has also reinforced its regional presence through the deployment of a third 3,000-horsepower rig in the Wafra field, jointly operated by Kuwait and Saudi Arabia. Engineer Sulaiman bin Abdullah al Salmi, Head of PDO's Gas Well Drilling Team, noted the enduring commitment shown by Abraj to operational integrity, health, and safety. He said the latest agreement reflects the joint ambition of both parties to drive sustainable growth in Oman's oil and energy sectors. Since 2020, Abraj has contributed more than RO 850 million in ICV, achieving an Omanisation rate close to 93 per cent. Over the last three years, activities linked to PDO alone have generated RO 79.1 million in ICV—accounting for 78 per cent of total spending. These figures underscore Abraj's contribution to national development goals. In 2024, the company posted strong financial results with revenues of RO 151.6 million, EBITDA of RO 53 million, and a net profit of RO 16.9 million. Abraj also achieved a remarkable safety record, completing three consecutive years of operations with zero lost-time injuries (LTI) across all units. Rig utilisation rates exceeded 86 per cent for drilling and reached 100 per cent for well maintenance, further demonstrating the resilience and reliability of its services. — ONA
Muscat Daily
29-07-2025
- Business
- Muscat Daily
Abraj wins PDO contracts for 6 land drilling rigs in Block 6
Muscat – 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 land drilling rigs for operations in Block 6, one of the sultanate's most strategic energy assets. The rigs are scheduled to commence operations in stages starting from Q4 2026. This milestone agreement marks a major expansion of Abraj's long-standing partnership with PDO and reflects the company's trusted capabilities in delivering safe, efficient, and high-quality drilling solutions. 'This agreement stands as a solid testament to Abraj's consistent operational excellence and the trust we have built through reliable, efficient, and safe delivery,' said Hood Khalfan al Brashdi, Acting Director of Business Development at Abraj Energy Services. 'With our advanced rig fleet and deep technical capabilities, we are proud to expand our collaboration with PDO, reinforcing our role as a key enabler in Oman's energy journey and fulfilling our commitment to performance without compromise.' In addition to the PDO contracts, Abraj continues to accelerate its regional growth. In May, the company signed a contract with BP Oman to supply a drilling rig for Block 61. Abraj has also secured a new contract with ARA Petroleum for drilling operations in Block 44 and signed a contract to deliver a third 3000 HP rig for the WJO field in Kuwait, further reinforcing its presence in key upstream projects across the region. Eng Sulaiman Abdullah al Salmi, PDO Gas Drilling Team Leader, said, 'We value our partnership with Abraj, a company that consistently aligns with our operational and HSE (health, safety and environmental) standards. This contract reaffirms our joint commitment to empowering the national energy sector with safe, efficient, and high-performance solutions.' Since 2020, Abraj has delivered over RO850mn in In-Country Value (ICV), with an Omanisation rate nearing 93%. Within PDO-related operations over the past three years alone, the company generated RO79.1mn in ICV – representing 78% of total spend – including RO20.5mn in 'Made in Oman' procurement and RO33.3mn directed to SMEs and local community contractors. These figures reaffirm Abraj's alignment with national priorities and its role as a key enabler of Oman's energy sector development. In 2024, Abraj recorded a strong financial performance with revenues reaching RO151.6mn, EBITDA of RO53mn, and profit after tax of RO16.9mn. The company maintains industry-leading safety standards, achieving zero Lost Time Incidents (LTI) for the third consecutive year. Rig utilisation remained high, with over 86% for drilling rigs and 100% for workover rigs. Abraj's contractual backlog now exceeds RO500mn, highlighting long-term business resilience and deep customer trust.
Muscat Daily
18-05-2025
- Business
- Muscat Daily
Abraj concludes high-impact participation at OPES & OSW 2025
Major contracts, award recognition, and strategic engagements underscore industry leadership Muscat – Abraj Energy Services, Oman's leading provider of oil and gas services, concluded a high-impact presence at the 13th Oman Petroleum & Energy Show (OPES) and Oman Sustainability Week (OSW) 2025. As an Official Sponsor, Abraj reinforced its market leadership through operational achievements, sustainability leadership, and strategic stakeholder engagement. During the event, Abraj signed two significant contracts that reflect its expanding local footprint and trusted operational capabilities. These included a drilling unit agreement with bp Oman for Block 61, a rig services contract with ARA Petroleum for Block 44, and the signing of a new contract for a third 3000 HP rig at the WJO field in Kuwait—a major milestone in Abraj's international expansion strategy and a testament to its growing presence in key regional markets. 'This year's participation reflects our unwavering commitment to performance, partnership, and progress,' said Eng. Saif al Hamhami, CEO of Abraj Energy Services. 'From securing landmark contracts to driving dialogue on innovation and sustainability, we continue to lead with purpose and deliver impact aligned with Oman Vision 2040.' As part of its OPES presence, Abraj hosted the Abraj Knowledge Exchange, a high-impact two-day mini-conference that brought together industry leaders and technical experts to explore critical themes shaping the energy future. Sessions focused on operational excellence, HSE leadership—highlighting Abraj's outstanding safety performance—drilling automation, and sustainability practices aligned with Oman Vision 2040. The event reinforced Abraj's role as a thought leader and catalyst for industry knowledge exchange. In line with its commitment to local economic development, Abraj's Supply Chain Team organized a Business Opportunity Session targeting local suppliers, service providers, and SMEs. The session introduced upcoming procurement opportunities and Abraj's supplier registration process, while also fostering meaningful dialogue to strengthen collaboration and maximize local content. The initiative drew strong participation and reaffirmed Abraj's support for national ICV objectives. During OSW 2025, Abraj was honored with the Majd Award for Best Local Content Program, recognizing its impactful contributions to Oman's local supply chain ecosystem and SME empowerment. Reinforcing its commitment to sustainable development and transparency, Abraj also launched its 2024 Sustainability Report, outlining key achievements in environmental, social, and governance performance. At its exhibition booth, Abraj showcased digital oilfield solutions, rig automation advancements, and energy-efficient technologies, attracting strong engagement from stakeholders and partners invested in the sustainable energy transition. Abraj's strong presence at OPES and OSW 2025 highlights its continued evolution as a future-ready, regionally trusted partner driving excellence in the energy sector.
Muscat Daily
14-05-2025
- Business
- Muscat Daily
Abraj Energy signs deal with BP for drilling rig in Block 61
Muscat – 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 agreement was formalised on the sidelines of the Oman Petroleum & Energy Show (OPES) and Oman Sustainability Week (OSW) 2025. This partnership is set to reinforce Abraj's position as a reliable and leading partner in Oman's oil and energy sector. The contract also reflects Abraj's continued commitment to operational excellence, occupational safety, and the delivery of innovative services and solutions that support and advance the energy sector in Oman. In a statement to Oman News Agency, Eng Saif bin Said al Hamhami, CEO of Abraj Energy Services, said, 'We are proud of this strategic partnership with BP Oman to provide a drilling rig in Block 61, building on a collaboration that has spanned more than a decade in the drilling services sector. This marks a new milestone in our efforts to expand our operational reach and strengthen our presence in the local market through high-quality, impactful projects.' Hamhami added that the agreement demonstrates the strategic partners' confidence in Abraj's efficiency and capability to deliver safe, effective operational solutions that adhere to the highest international standards. He emphasised the company's steadfast commitment to maximising in-country value, investing in the development of national talent, and enhancing operational sustainability.
Observer
12-05-2025
- Business
- Observer
Abraj Energy wins RO 1.6m drilling contract from ARA Petroleum
Muscat: Abraj Energy Services SAOG has secured a new drilling contract from ARA Petroleum LLC for operations in Block 44, valued at approximately RO 1.6 million. The contract covers the provision of a drilling rig and associated services for a limited number of wells. Operations are expected to commence in the second quarter of 2025, according to a company announcement on Monday. The awarded rig had previously been deployed by another operator within the Sultanate, highlighting its continued operational relevance and demand in Oman's upstream sector. The agreement strengthens Abraj's portfolio of domestic contracts and supports broader efforts to enhance local oilfield service capabilities in alignment with Oman Vision 2040.
