Oman’s Abraj Signs Oil Drilling and Extraction Deal with Chevron, Kuwait Gulf Oil Company

Oman’s Abraj Signs Oil Drilling and Extraction Deal with Chevron, Kuwait Gulf Oil Company

Oman's Abraj Energy Services said on Saturday it had 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," it added.

This agreement leverages Abraj's competitive advantage of being a leading service provider in Oman with a depth of experience and expertise.

The collaboration envisages an opportunity to expand its portfolio of services, exchange experiences and adopt best practices in the field of drilling, sustainability and technology in the sector.

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