Oman's Abraj Energy Services has signed a five-year 'strategic partnership deal' with Kuwait Gulf Oil Company and Saudi Arabian Chevron to extract and drill for oil in Kuwait.
The deal will see Abraj build three drilling platforms in the Wafra oilfield in Kuwait, the company said in a statement.
The deal comes "within the framework of strengthening (the company's) position and expanding its operations in … the Middle East and North Africa," the statement read.
Remarking on the importance of this partnership, Saif Al Hamhami, Abraj Energy Services CEO, said, “We are pleased to announce our strategic partnership with Saudi Arabian Chevron and Kuwait Gulf Oil Company, emphasizing our commitment to expand our regional footprint in the Middle East and North Africa region. The company is pre-qualified to provide various services in Kuwait, Saudi Arabia and Algeria, where the company's advanced rigging fleet is linked to long-term contracts with leading national and international companies in the field of exploration and production."
He added, "Abraj Energy Services is uniquely poised for this opportunity as it owns the most modern and advanced drilling fleets in the Middle East and North Africa region. Consisting of 25 drilling rigs and 5 well maintenance rigs that operate with the latest technology, it offers a competitive advantage to its clients particularly in Saudi Arabia, Kuwait and Algeria."
