16/05/2025 05:51 AST

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.


Muscat Daily

Abraj wins RO133mn worth of contracts from PDO, OQEP

09/03/2026

Abraj Energy Services, the leading oil and gas field services provider in Oman, has announced the signing of new drilling contracts with Petroleum Development Oman (PDO) and the receipt of a notifica

Muscat Daily

Abraj wins RO108mn drilling rig contracts from PDO

04/12/2025

Abraj Energy Services, Oman's leading oil and gas field services provider, has been awarded four contracts worth a total of RO108mn by Petroleum Development Oman (PDO) to supply drilling rig services

Muscat Daily

Abraj Energy wins over $220m Oxy Oman rig contract extensions

01/09/2025

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 RO8

Trade Arabia

Ticker Price Volume
ABRJ Sector Market
P/E
Price/BookValue
Relative Strength
  • 1-Month
  • 3-Month
  • 1-Year
Volume Change
  • 10D Avg Vs 90D Avg
Price Vs…
  • 52-w high
  • 50-day moving avg.
  • 200-Day Moving Avg
Ticker Price Change
OQEP 0.38 -0.01 (-2.57%)
OQGN 0.20 0.00 (0.00%)
OTEL 1.07 0.00 (0.00%)
PHPC 0.15 0.00 (0.00%)
ORDS.MSM 0.29 0.00 (0.00%)
Ithmaar Holding shareholders approve move to raise capital

09/03/2026

Shareholders of Ithmaar Holding, a Bahrain-based holding company, on Sunday (March 8) approved its plan to raise capital, which includes the cancellation of accumulated losses against share capital a

Trade Arabia

Najran Cement signs up Sinoma for Madinah power grid project

09/03/2026

Saudi-based Najran Cement has awarded a SAR49 million ($13 million) contract to Sinoma International Engineering Limited for the development of an electric grid connection project at Sultanah in the

Trade Arabia

Aramco offers crude in rare tenders as Iran conflict disrupts exports

09/03/2026

Aramco has offered more than 2 ?million barrels of Saudi crude in rare tenders as the US-Iran conflict ?disrupted exports from the Middle East, trade sources said.

The state company offered

Trade Arabia

Aldar commits AED100m to orphans initiative

09/03/2026

Aldar, a leading developer based in the UAE, has committed AED100 million ($27.2 million) to the "Mother of the Nation Endowment for Orphans" initiative, launched by the Endowments and Minors' Funds

Trade Arabia

Al-Majdiah signs $20.48m deal with Emarna Contracting for Riyadh residential project

09/03/2026

Dar Al Majed Real Estate Company (Al-Majdiah) has signed a contract worth SAR77 million ($20.48 million) with Emarna Contracting Company to implement a new residential development in Riyadh's Al-Nada

Trade Arabia