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Abraj Energy Wins Contract Extensions for 4 Drilling Rigs in Oman

Oman-based Abraj Energy Services has announced that it has won contract extensions for four of its drilling rigs projects from Occidental Oman (OXY). The total value of these contracts is more than RO 85 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 committed to delivering specialized and integrated solutions in well engineering and energy services, and supporting Oman’s aspirations in developing the energy sector, it added.

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