PHOTO
Image used for illustrative purposes. Oil rig workers work on the ChevronTexaco drilling platform January 15, 2003 near the Saudi Arabian border, Kuwait.
Abraj Energy Services has signed a contract to provide six onshore drilling service rigs to state-run Petroleum Development Oman (PDO).
Mobilisation will be carried out in stages starting in the fourth quarter of 2026, the company said in a statement to the Muscat Stock Exchange.
Each rig has a firm six-year duration.
The total expected revenue is OMR 215 million ($559.16 million), the statement said.
Last month, the company signed a term sheet with Algeria’s state-owned oil company Sonatrach to establish a joint venture specialising in integrated oilfield services (drilling, workover and well services).
(Writing by P Deol; Editing by Anoop Menon)
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