07/07/2026 05:20 AST
Action Energy Company KSCP (AEC, Boursa Kuwait Premier Market: ALFTAQA), Kuwait's leading local partner for integrated upstream services, owner and operator of one of the youngest rig fleets in the region, on July 6, 2026 announced a strategic joint venture (JV) with Kellton, a global AI-led digital transformation and enterprise technology company, to drive AI-led digital transformation across the Gulf Cooperation Council (GCC) energy sector.
Joint venture details:
*Ownership: Action Energy Company will hold a 51 percent stake, while Kellton will hold the remaining 49 percent.
*Term: An initial term of five years, automatically renewable for successive three-year periods.
*Geographic Scope: The Gulf Cooperation Council (GCC) countries, with initial plans to establish an office in Qatar as the first step.
*Business lines:
1.Oil & Gas: Digital oilfield solutions and services, including the deployment of Kellton's OPTIMA platform, a digital oilfield management platform.
2.Information Technology: IT products and services across multiple sectors, including enterprise software, cloud computing, cybersecurity, enterprise resource planning (ERP) implementation, systems integration, and managed services.
The JV brings together AEC's industry relationships, and operational expertise with Kellton's capabilities in artificial intelligence, digital engineering, cloud, cybersecurity, and data. Together, the partners aim to help energy operators across the GCC modernize their operations, sharpen decision-making, and unlock greater value from their assets. Beyond the immediate opportunity in Kuwait, the JV also plans to establish a presence in Doha, Qatar, where it has identified business potential. The Doha office will serve as an early step in the JV's broader ambition to grow across the GCC market, including Saudi Arabia, the UAE, and Oman.
A central focus of the partnership is the regional deployment of OPTIMA, Kellton's proprietary digital oilfield platform. Built for intelligent operations, workflow automation, asset performance optimization, real-time visibility, and AI-driven decision-making, OPTIMA helps energy companies improve operational efficiency, optimize asset utilization, and advance their digital oilfield initiatives. By pairing the platform with AEC's deep operational experience and long-standing relationship with Kuwait Oil Company (KOC), the joint venture is positioned to bring intelligent, data-driven field operations to clients across the region.
Ivan Chikunov, General Manager of Services & BD of Action Energy Company, said: "This JV advances AEC's strategy to expand its oilfield services by digitally modernizing field operations and enhancing quality. The addressable market for oil and gas digitalization across the GCC exceeds $1 billion annually, and our objective is to capture at least 5 percent of this market over time. By combining AEC's broad operational footprint, strong industry relationships, and commitment to local content development and knowledge transfer with Kellton's advanced AI and digital capabilities, we are well positioned to deliver intelligent, data-driven solutions that improve operational performance, create long-term value for our clients and shareholders, and support the modernization of the GCC energy sector."
Krishna Chintam, Managing Director at Kellton, said: "The GCC is becoming one of the world's most ambitious markets for AI adoption and enterprise transformation. This joint venture pairs local market strength with global technology expertise so organizations can transform at scale. Together with Action Energy Company, we can bring AI-led innovation, industry-specific solutions, and the full capabilities of OPTIMA to customers across the region, and deliver measurable outcomes for enterprises entering the next phase of digital transformation. The joint venture establishes a long-term platform for AI-powered innovation across the GCC energy ecosystem, positioning energy organizations to modernize operations and unlock new opportunities for growth and efficiency.
We are delighted to partner with Action Energy Company to bring these capabilities to market at scale. Together, we look forward to helping operators across the region modernize their operations and unlock new opportunities for growth and efficiency."
Action Energy Company KSCP Kuwait's leading local partner for integrated upstream services and the owner-operator of one of the youngest and most technologically advanced rig fleets in the region. The Company employs more than 1,700 professionals and operates 20 rigs across Kuwait, delivering a comprehensive range of integrated drilling, workover, and oilfield services, covering the full well lifecycle, including workover, directional drilling, slickline, coiled tubing, cementing, mud engineering, electric submersible pumps (ESP), inspection (NDT), and workshop services.
Action Energy has established strategic partnerships with global technology leaders including KCA Deutag, CPVEN, COSL, Expert Optima, NaftoServ, TRG, Jereh, and Kerui. These partnerships support knowledge transfer, delivery of specialized high-value services, and continued expansion of the Company's oilfield services capabilities. Founded in 2015, Action Energy is committed to strengthening its position as a leading provider of upstream services in Kuwait and across the GCC.
Kuwait Times
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