Tuesday 29 / July / 2025
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.
