Abraj Energy wins OMR 100 million contract for nine workover units for PDO
Abraj Energy Services (ABRJ.OM) signed a OMR 100 million contract covering drilling services for nine workover units for PDO, Reuters reported.
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what happened
Abraj Energy Services (ABRJ.OM) has signed a contract that adds OMR 100 million to its order backlog. The agreement covers drilling services for nine workover units working for PDO over five years. Reuters published the information.
The package includes six new rigs and three existing ones, each with a capacity of 550 to 750 horsepower. The units are expected to start work between the third quarter of 2027 and the fourth quarter of 2028.
why it matters
For investors, the deal points to longer-term utilisation of the company's equipment and a larger backlog, but revenue from it will not begin before 2027. The news mainly concerns the company and its shares, and interest in Oman's oilfield service providers.
market impact
Abraj Energy: a longer order backlog supports the company's shares, with revenue effect arriving from 2027
instruments
sources
- Abraj Energy Signs Contract To Provide Workover Units — Reuters, 27 October 2026 at 05:49 UTC
prepared by the newsmetry newsroom with ai assistance from the sources listed below. not investment advice.
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