Oil & Gas Abraj wins major Oman oil drilling contract By Saleh Al-Shaibany June 12, 2025, 3:48 PM Shutterstock PDO awards Abraj Energy Services a major $560 million oil drilling contract in the Ghaba basin, Oman Multi-rig services awarded Abraj drilling starts Q4 2026 Ghaba basin operations State-run Petroleum Development Oman (PDO) has awarded Abraj Energy Services a six-year oil drilling contract in an onshore block in the north of the Gulf state. Abraj won the exploration bid, which PDO floated for the 130 sq km block 6 last month, located in the Ghaba basin in northern Oman. The contract involves six separate rig drilling services to start from the fourth quarter of 2026. “Each contract has a primary six-year duration, with total expected revenues of approximately OR215 millions ($560 million) for all contracts,” Abraj said in a press release. Oman seeks exploration bids for new oil field Oil output increase of 30% sought in Oman block offer Oman’s Abraj gets $32m BP gas drilling contract Ghaba basin is also home to the Fahud field, Oman’s oldest, which was discovered in 1964. It has an estimated reserves of more than 1 billion barrels of crude oil. PDO pumps an annual average of 990,000 barrels per day of oil and condensate, a light crude. Oman is launching oil and gas licensing rounds and is awarding concession agreements in a bid to increase fossil fuel production. Last month, BP Exploration awarded Abraj a $32 million contract to drill for gas in Oman’s Khazzan field, one of the sultanate’s largest. Abraj, a subsidiary of state-owned OQ, listed nearly half of its capital on the exchange in a $244 million IPO in February 2023. The company provides oilfield services to Oman’s expanding energy industry and has seen rising investor interest as Muscat accelerates upstream development. Register now: It’s easy and free AGBI registered members can access even more of our unique analysis and perspective on business and economics in the Middle East. Why sign uP Exclusive weekly email from our editor-in-chief Personalised weekly emails for your preferred industry sectors Read and download our insight packed white papers Access to our mobile app Prioritised access to live events Register for free Already registered? Sign in I’ll register later Register now: It’s easy and free AGBI registered members can access even more of our unique analysis and perspective on business and economics in the Middle East. Why sign uP Exclusive weekly email from our editor-in-chief Personalised weekly emails for your preferred industry sectors Read and download our insight packed white papers Access to our mobile app Prioritised access to live events Register for free Already registered? Sign in I’ll register later
