Latest news with #AbrajEnergyServices
Zawya
30-07-2025
- Business
- Zawya
Omna: 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. © Apex Press and Publishing Provided by SyndiGate Media Inc. (
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.
Times of Oman
29-07-2025
- Business
- Times of Oman
Abraj Energy Services expands strategic partnerships
Muscat: Abraj Energy Services has signed a strategic agreement with Petroleum Development Oman (PDO) to provide six onshore drilling rigs for Concession Area 6, a key strategic asset that forms a fundamental pillar of Oman's energy sector. Drilling operations are scheduled to commence gradually starting in the fourth quarter of 2026. This agreement marks a significant expansion point within the long-standing partnership between Abraj and PDO, reflecting Abraj's operational efficiency in delivering competitive, safe, reliable, and high-performance drilling solutions that align with the highest international standards. Houd Khalfan Al Barashdi, Acting Director of Business Development at Abraj Energy Services, stated that the signing of this agreement reaffirms Abraj's operational excellence and the deep trust the company has earned by providing competitive, reliable, safe, and efficient solutions and services to its partners, supported by its advanced fleet and unique technical expertise. He explained that the company is expanding its operational scope with PDO to achieve common goals, affirming its pivotal role in empowering the oil and energy sector and enhancing in-country value. In the context of its continuous expansion, Abraj recently signed an additional contract with BP Oman to provide drilling services in Concession Area 61. Furthermore, it secured a new contract with ARA Petroleum LLC to drill three wells in Concession Area 44. The company also expanded its operations in the Wafra Joint Operations field between Kuwait and Saudi Arabia by signing a contract to provide a third 3000-horsepower drilling rig. This move reflects Abraj's regional expansion strategy and strengthens its position in strategic oil and gas projects across the region. Eng. Sulaiman Abdullah Al Salmi, Team Leader of Gas Well Drilling at Petroleum Development Oman, stated that the strategic relationship with Abraj Energy Services has demonstrated its continuous commitment to PDO's operational, health, and safety standards. He noted that this agreement confirms the joint commitment of Abraj and PDO to enhance Oman's oil and energy sectors through advanced and safe solutions that contribute to achieving operational efficiency and sustainability. Since 2020, Abraj has contributed over OMR850 million in in-country value, achieving an Omanisation rate of approximately 93 percent. In the past three years alone, the company's operations related to PDO have generated OMR79.1 million in local value, equivalent to 78 percent of total expenditure. These figures underscore Abraj's strong commitment to supporting national priorities and its pivotal role in the development of Oman's oil and energy sectors. It is worth mentioning that Abraj concluded 2024 with positive operational and financial results. Revenues reached OMR151.6 million, operating profit before interest, taxes, and depreciation (EBITDA) was OMR53 million, and net profit after tax was OMR16.9 million. The company also recorded exceptional occupational health and safety indicators, completing three consecutive years of incident-free and lost-time injury-free operations across all its operational units. Drilling rigs achieved high utilisation rates exceeding 86 percent, and well maintenance rigs reached 100 percent, reflecting the long-term resilience of its operations and partners' deep trust in its services.
Zawya
10-06-2025
- Business
- Zawya
Oman's Abraj expects revenue of $559mln from PDO rigs contract
Abraj Energy Services has signed a contract to provide six onshore drilling service rigs to state-run Petroleum Development Oman (PDO). Mobilisation will be carried out in stages starting in the fourth quarter of 2026, the company said in a statement to the Muscat Stock Exchange. Each rig has a firm six-year duration. The total expected revenue is OMR 215 million ($559.16 million), the statement said. Last month, the company signed a term sheet with Algeria's state-owned oil company Sonatrach to establish a joint venture specialising in integrated oilfield services (drilling, workover and well services). (Writing by P Deol; Editing by Anoop Menon) ( Subscribe to our Projects' PULSE newsletter that brings you trustworthy news, updates and insights on project activities, developments, and partnerships across sectors in the Middle East and Africa.
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.
