28/10/2026 03:12 AST

Abraj Energy Services on Tuesday signed a five-year contract with Petroleum Development Oman (PDO) to provide nine workover hoists - three existing units and six new-build units - for well intervention and workover operations across PDO's operating areas in North and South Oman.

The contract is valued at around RO100mn and will be added to Abraj Energy Services' backlog in the fourth quarter of 2027, the company said in a disclosure to the Muscat Stock Exchange.

The agreement expands Abraj's workover capacity and strengthens its service portfolio by combining existing assets with new equipment. The nine hoists will support PDO's well intervention and workover operations, with services delivered in line with applicable health, safety and environmental (HSE) and operational requirements.

In a press statement, Abraj said the units are expected to enter service in phases between the fourth quarter of 2027 and the third quarter of 2028. The company will progressively mobilise the new-build hoists in line with PDO's commissioning and operational-readiness requirements.

The contract further strengthens Abraj's position as a national energy services provider and expands its capacity to support PDO's upstream operations. The company will draw on its operational teams, equipment and established service-management systems to deliver the contracted work safely and reliably.

Saif Al Hamhami, Chief Executive Officer of Abraj Energy Services, said, "This contract marks another milestone in our longstanding strategic partnership with PDO and reflects continued confidence in Abraj's operational capabilities and proven execution. The addition of six new-build workover hoists demonstrates our commitment to investing in equipment and technical capabilities that enhance operational safety, reliability and efficiency.

"As we expand our service portfolio, we remain focused on developing national expertise, advancing operational excellence and supporting the long-term development of Oman's energy sector."

Dr Aflah Al Hadhrami, Managing Director of PDO, said, "We are committed to strengthening the capabilities of Omani companies and advancing local content to support the growth and competitiveness of Oman's energy sector. This partnership reinforces that commitment while supporting our plans to increase production and enhance operational efficiency, in line with the priorities of our Journey of Transformation and our ambition to create sustainable value for Oman."

The agreement builds on Abraj's longstanding partnership with PDO across drilling and well services. In 2026, Abraj strengthened the relationship through contracts covering the redeployment of four existing onshore drilling rigs in Block 6 and a five-year integrated hydraulic fracturing services contract. The new workover contract further broadens Abraj's contribution to PDO's upstream operations in Oman.


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