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

01/09/2025 01:56 AST

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 RO85 million ($220.3 million).

This extension includes an additional five-year period, extending until August 2030, said Abraj Energy Services in its filing to Muscat Stock Exchange.

It comes as a result of Abraj's outstanding operational performance and its firm commitment to the highest standards of operations, health, safety, and the environment, it stated.

Abraj said this long-term extension reflects the strengthening of the strategic partnership between the two companies and represents an important step toward reinforcing the Omani company's financial sustainability through revenue visibility and continued growth in the energy services sector in the sultanate.

The company remains commited to delivering specialised and integrated solutions in well engineering and energy services, and supporting Oman's aspirations in developing the energy sector, it added.


Trade Arabia

News

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 secures RO85mn Oxy contract extensions for four drilling rigs

25/08/2025

Abraj Energy Services, the largest oil and gas field services company in Oman, announced the award of contract extensions for four of its drilling rigs by Occidental Oman (Oxy), with a total value ex

Muscat Daily

Most Viewed Companies

Ticker Price Volume

Valuation

ABRJ Sector Market
P/E
Price/BookValue

Momentum

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

Top Related Companies

Ticker Price Change
OQEP 0.51 0.00 (0.00%)
OQGN 0.26 -0.01 (-3.71%)
OTEL 1.52 0.00 (0.00%)
PHPC 0.22 0.00 (0.00%)
ORDS.MSM 0.36 0.00 (0.00%)

Recent News

Global Finance names KFH as 'Best Bank for Sustaining Communities in the Middle East'

24/04/2026

Kuwait Finance House (KFH) has been named "Best Bank for Sustaining Communities in the Middle East" by Global Finance magazine, as part of its Sixth Annual Sustainable Finance Awards, recognizing out

Kuwait Times

Dubai Taxi Company expands fleet with 600 new taxi plates

24/04/2026

Dubai Taxi Company (DTC), a leading provider of comprehensive mobility solutions in Dubai, has acquired another 600 new licence taxi plates through the latest auction conducted by the Dubai Roads and

Trade Arabia

Emirates Islamic operating profit rises 7% to $299.52m in Q1

24/04/2026

Emirates Islamic, one of the leading Islamic financial institutions in the UAE, has reported an operating profit of AED1.1 billion ($299.52 million) for the quarter ending March 31, 2026, 7% growth o

Trade Arabia

ADCB delivered record Q1 profit before tax of $1bn

24/04/2026

ADCB, a leading UAE banking group, has delivered record profit before tax of AED3.781 billion in Q1'26, up 30% year on year, extending profit growth track record to 19 consecutive quarters.

Trade Arabia

Al Salam Bank sells its stake in Gulf African Bank

24/04/2026

Bahrain headquartered-Al Salam Bank has announced the sale of its 20.94% stake in Gulf African Bank, the largest Islamic Bank in Kenya.

The sale forms part of AL Salam Bank's broader group

Trade Arabia

logo

Financial Information Co.

Saudi Arabia

GCC Markets

Mutual Funds

News

Investment Tools

Sector News

Screeners

Indices & Commodities

Downloads

Copyright ©2001 - 2025, Financial Information Co. All Rights Reserved.

Terms of Services | Privacy Policy | Advertise with us | Contact Us | Sitemap