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

New strategic agreements and partnerships signed

19/05/2026

Abraj Energy Services signed new strategic agreements and partnerships on Monday that support operational sustainability, the development of In-Country Value (ICV), and the enhancement of energy sect

Times of Oman

PDO, Abraj Energy Services partner to boost hydrocarbon recovery

05/05/2026

Petroleum Development Oman (PDO) has signed a strategic contract with Abraj Energy Services for the provision of hydraulic fracturing services, reinforcing its commitment to maximising hydrocarbon re

Trade Arabia

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

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 0.43 0.00 (0.00%)
OTEL 1.30 -0.01 (-0.77%)
OQGN 0.21 0.00 (0.00%)
PHPC 0.23 0.00 (0.00%)
SSPW 0.26 0.00 (0.00%)

Recent News

OQEP, Turkish Petroleum secure Block 80 concession

25/06/2026

Oman's Ministry of Energy and Minerals on Wednesday signed an Exploration and Production Sharing Agreement (EPSA) for offshore Block 80 with OQ Exploration and Production (OQEP) - Musandam Offshore a

Muscat Daily

NBK continues to enhance its premium banking services, offers exclusive benefits

25/06/2026

In line with its commitment to meeting the aspirations of its diverse customer base and providing a comprehensive banking experience that meets the highest standards of quality and innovation, Nation

Kuwait Times

'Converting to a Sustainable Path': GBK achieves significant reduction in carbon emissions in 2025

25/06/2026

Mnakh Research & Studies highlighted a number of notable achievements featured in Gulf Bank's 2025 ESG Report, titled "Converting to a Sustainable Path." The report covers the Bank's operations in Ku

Kuwait Times

Zain showcases expertise to support leadership growth in Kuwait oil sector

25/06/2026

Zain Kuwait held a specialized training program titled 'Executive Pitching & Innovation Tools for Strategic Problem-Solving' for a group of senior talent from Kuwait National Petroleum Company (KNPC)

Kuwait Times

e& unveils OneWork for secure sovereign collaboration in the UAE

25/06/2026

e& UAE, the flagship telecom arm of global technology group e&, has announced the launch of OneWork, a fully sovereign, cloud-based unified communication and collaboration platform built within the U

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