Abraj Energy Services, Oman announces the award of contract extensions for four of its drilling rigs by Occidental Oman (OXY).
The value of the Contract exceeds OMR 85 million.
This extension includes an additional five-year period, extending until August 2030. 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.
The Company stated, this long-term extension reflects the strengthening of the strategic partnership between the two companies and represents an important step toward reinforcing the company’s financial sustainability through revenue visibility and continued growth in the energy services sector in the Sultanate of Oman.
Abraj reaffirms its ongoing commitment to delivering specialized and integrated solutions in well engineering and energy services, supporting Oman’s aspirations in developing the energy sector and enhancing the company’s position as a leading service provider in this vital field, statement mentioned.
