Latest news with #Abraj
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.
Muscat Daily
06-05-2025
- Business
- Muscat Daily
Abraj secures RO14mn drilling contract from BP for Block 61
Muscat – Abraj Energy Services, Oman's leading oil and gas services provider, has announced the award of a significant new contract by BP Exploration (Epsilon) Limited, marking a renewed collaboration between the two companies in Block 61, one of the sultanate's largest gas-producing areas. In a disclosure to the Muscat Stock Exchange, Abraj confirmed it had secured a contract from BP Exploration (Epsilon) Limited for the provision and operation of an onshore drilling unit. The contract is for an initial term of three years, with an option to extend for a further two years, highlighting the long-term nature of the partnership. Abraj stated the contract is expected to generate approximately RO14mn in revenue over its duration, bolstering the company's financial position and reaffirming its strategic role in Oman's upstream energy sector. Abraj said that the drilling rig for this project was previously operated under a contract with BP but had been stacked since the expiration of that agreement last year. The company noted the rig is now scheduled to commence operations in the fourth quarter of 2025. Block 61, situated in central Oman, is home to the massive Khazzan and Ghazeer gas fields, which play a crucial role in supporting the country's gas supply and export capacity. BP operates the block in partnership with OQ and Petronas, with its output contributing significantly to both domestic energy requirements and LNG exports. Abraj signs term sheet with Algeria's Sonatrach In a separate disclosure to the Muscat Stock Exchange on Tuesday, Abraj Energy Services also announced the signing of a term sheet with Algeria's state-owned energy giant Sonatrach, setting the foundation for a strategic partnership focused on delivering integrated oilfield services in Algeria and potentially beyond. The agreement, finalised on Monday, outlines plans for a joint effort to offer a wide range of services – including drilling, workovers, and well intervention – in one of North Africa's most important oil and gas markets, with scope for international expansion. Abraj noted in its disclosure that the partnership aims to leverage its considerable expertise and resources to deliver efficient, high-quality oilfield services in Algeria's energy sector. This term sheet builds upon the Memorandum of Understanding (MoU) signed between the two companies in Muscat on April 24, 2024 and represents a key milestone in enhancing energy sector cooperation between Oman and Algeria.
Zawya
27-03-2025
- Business
- Zawya
Oman: Abraj reports strong market position and operational gains
MUSCAT: Abraj Energy Services (Abraj), a leading drilling and oilfield services provider in Oman, unveiled its latest market position and operational performance during an investor presentation last week. The company reported robust growth in key performance indicators, solidifying its dominance in the sector as of December 31, 2024. MARKET LEADERSHIP IN OMAN'S DRILLING SECTOR Abraj maintained a significant 25% market share in Oman's drilling industry, reinforcing its status as a dominant player. The company operated 27 drilling rigs and 5 workover units, demonstrating a well-balanced fleet capable of supporting upstream oil and gas operations. A key highlight of the presentation was the high rig utilization rates, which stood at 92% for drilling rigs and 100% for workover units. This efficiency underscores the company's ability to optimize asset deployment while maintaining operational excellence. OPERATIONAL EXCELLENCE AND PERFORMANCE GAINS Abraj recorded a total of 340 wells drilled in 2024, covering a combined drilling distance of 7,774 kilometers. This output reflects the company's sustained contribution to Oman's upstream energy sector and its ability to deliver large-scale drilling operations efficiently. The company also made strides in improving operational efficiency, as evidenced by a notable reduction in Non-Productive Time (NPT). In 2023, Abraj's NPT stood at 1.24%, which significantly decreased to 0.76% in 2024—well below the global industry average. This improvement highlights the company's focus on minimizing downtime and enhancing service reliability for its clients. Abraj reported serving 10 clients in 2024, demonstrating its ability to cater to a diversified portfolio of energy operators. WORKFORCE STRENGTH AND FLEET AGE The company's workforce comprised 2,709 employees from 24 nationalities, reflecting a diverse and skilled talent pool. This workforce is instrumental in maintaining the company's high standards of service and operational excellence. Meanwhile, Abraj's fleet maintained a competitive average rig age of 9.4 years for drilling rigs and 11.4 years for workover units. This relatively young fleet ensures reliability and efficiency in the company's drilling and maintenance operations. FUTURE EXPANSION AND MARKET OUTLOOK Abraj is actively exploring regional expansion opportunities in Kuwait, Saudi Arabia (KSA), and Algeria, signaling its ambition to grow beyond Oman's borders. Kuwait: The company achieved a major milestone by launching its first international project in Kuwait (WJO), deploying two rigs in February and July 2024. This expansion increased Abraj's fleet to 27 rigs, with discussions ongoing for a third rig in Kuwait. Additionally, Abraj has been qualified for cementing services with Kuwait Oil Company (KOC). Saudi Arabia (KSA): The company is currently undergoing pre-qualification for drilling and workover services, aiming to enter this key Gulf market. Algeria: Abraj is in advanced discussions with Sonatrach, Algeria's national oil company, to collaborate on drilling, cementing, and hydraulic fracturing activities. 2022 © All right reserved for Oman Establishment for Press, Publication and Advertising (OEPPA) Provided by SyndiGate Media Inc. (
