September 07, 2022 – Muscat, Oman: Following the successful roll-out of its new brand identity, Abraj Energy Services (“Abraj”), a leading Omani oilfield and gas services company and a wholly owned subsidiary of OQ, participated in the Muscat Stock Exchange (MSX) Investor Roadshow that included potential IPO candidates. The company demonstrated to investors and key stakeholders its robust business model underpinned by strong financial and operational performance.The MSX Investor Roadshow emphasized the extensive reforms being implemented to boost the Sultanate’s capital markets and bolster its privatization efforts. Abraj’s newly appointed CEO Saif Al Hamhami was joined by Business Development Director Salah Al Harthy in presenting the company’s role as an Omani oilfield services champion to a group of local, regional and global investors.Al Hamhami said: “Through targeted investments and an experienced workforce, Abraj has grown into a leading Omani oilfield services company that is underpinned by strong financial performance, a modern drilling fleet and an unwavering commitment to providing clients with quality services. At Abraj, we promote consistently high standards of excellence and a culture of safety across our operations. Abraj is focused on strengthening its role as a quality oilfield services provider that enhances in-country value and seeks to develop more productive, efficient and greener services that contribute to the Sultanate’s sustainable economic growth.” Al Hamhami and Al Harthy highlighted that Abraj’s commitment to excellence has sustained the company’s robust financial standing, which is supported by stable, contracted income from a diversified blue-chip customer base. In 2021, the company generated $323 million in revenues and $121 million in EBITDA, which grew at 21% CAGR in the last 3 years. Al Hamhami and Al Harthy attribute this success to their experienced management team and dedicated workforce. Abraj’s team of experts is part of a strong base of more than 2,500 dedicated employees, 93% of which are Omani citizens.
29 August 2022, Muscat, Oman: Abraj Energy Services (“Abraj"), a leading Omani oil and gas field services company and a fully owned subsidiary of OQ, today unveiled its new corporate brand identity, symbolizing a commitment to becoming one of the region's market leaders in high-quality drilling and well services. Abraj is a core entity in Oman's oil and gas services sector, providing a wide range of services including drilling and workover rigs as well as fracturing, cementing and coiled tubing services. The company features an advanced fleet of drilling rigs deploying innovative and best-in-class technology. Abraj employs over 2,000 highly qualified professionals with a 93% Omanization rate. While celebrating the company's history, the new bold and contemporary identity reflects Abraj's focus on modernization and innovation of its service offerings. The refreshed identity will be featured across Abraj's physical and digital assets. Commenting on the launch, Ayad Al Balushi, Chairman of Abraj, said: “Our transformation into a global brand reinforces a commitment to continue leading the charge in the drilling and oilfield services sector, serving our clients, shareholders and the Sultanate of Oman to the highest standard. It is amongst our foremost priorities to contribute to the Sultanate's sustainable economic development, which we look to foster through enhancing in-country value and exploring ways to make drilling practices greener and more efficient. Abraj's new brand identity is a visual manifestation of the company's bright, ambitious future, yet pays homage to the successes we have achieved thus far." The unveiling of the new brand takes place ahead of Abraj's participation in the upcoming Muscat Stock Exchange (MSX) roadshow, to be held from 5-6 September in Muscat. Abraj is currently reviewing the possibility of gaining a listing on the MSX, the timing and size of the potential transaction are under consideration and subject to necessary regulatory approvals.
Part of Abraj Energy Services S.A.O.C Participation in the inauguration ceremony of (in country value book for the Oil and Gas sector ), which was held under his Excellency Nasser bin Khamis Al-Jashmi, Secretary General of the Ministry of Finance. The shield was received by Mr. Abbas Al-Ajmi, Director of Corporate Services.
The Abraj Training Department has signed a contract with IHRDC’s Competency Management Solutions (CMS), to achieve the effective and long term development of its staff. This will be represented by implementing a Competence Frame Work System that captures all the various functions of Abraj office and field staff.
Abraj Energy Services is proud to have successfully completed fracturing stimulation operation on BP Block 61 Ghazeer field. Great achievement for the only local company in the country to reach this milestone besides being the first local company in MENA region to perform this complex services.
Oil and gas production is the backbone of Oman economy and to maintain a steady production approximately 1000 new wells are drilled each year. This requires continuous technological advancement to enhance the drilling performance and reduce exposure to HSE risk. Abraj, as a leading Omani drilling contractor, is always investing in new technology, which results in highly mechanized 1000 HP drilling rigs being available to the oil and gas sector. These drilling rigs are capable of achieving tripping speed of 600 mph, without any human intervention at rig floor level. These rigs are also equipped with NOVOS, which automate the drilling process and replicate the repetitive actions of the driller. NOVOS utilizes artificial intelligence and machine learning to predict optimum drilling parameters that enables drilling optimization. High tech equipment is generally more complex to maintain and troubleshoot, to ensure un-interrupted operation, e-Hawk Track vision helps in acquiring real time technical support from OEM, using a wearable headset and camera.Abraj HSE commitment involves the utilization of a standalone system which reduces HSE exposure by preventing a driller from any unauthorized access to a red zone. In addition, rigs are equipped with various interlocks/anti-collision systems that prevent machine to machine interference, which could result in injury.Although these rigs have reached an astonishing height in technological advancement, more will follow in the near future.
Abraj Energy Services has been recognized and certified as API Q2 Company (Drilling and Workover).