News
Abraj Energy Services Among Top 5 Winners in Large Cap Category at OER Corporate Excellence Awards 2024
Abraj Energy Services, Oman’s leading oil and gas services provider was recently honoured as one of the top five companies in the Large- Cap Segment at the OER Corporate Excellence Awards 2024, as per a survey conducted by MOORE. As the only energy company focusing on strategic top-tier services combined with strong operational efficiency, Abraj Energy Services continues to deliver maximum financial returns and sustainable growth. The company performed exceptionally well in 2023, achieving steady results in Drilling and Workover Services and remarkable contributions from Well Services.
In 2023, Abraj managed to breakthrough the regional market by penetrating the Kuwaiti drilling market with the award of 3 drilling rigs with Wafra Joint Operations (KGOC and Saudi Chevron). Abraj introduced game changer rigs that are equipped with the latest cutting-edge technology. The company is the first contractor in the region to own fully automated rigs in the market. Abraj is focused on providing services around Oil and Gas Wells, during and post wells construction.
OER Corporate Excellence Awards 2024, organised by Oman Economic Review (OER), Sultanate’s premium business magazine, the awards ceremony was held at Sheraton Oman Hotel on December 16, 2024. His Excellency Faisal Al Rawas, Chairman of the Oman Chamber of Commerce and Industry was the chief guest at the event.
Hosted by His Excellency Shaikh Salim bin Mustahail Al Mashani, the gala event turned the spotlight on the paragons of corporate achievement, both listed and non-listed companies, who showcased remarkable performance and innovations. OER, in partnership with MOORE conducted a comprehensive survey of companies listed on the Muscat Stock Exchange, evaluating them against selected criteria including Company performance, Financial health, Profitability and Shareholder return. Companies were categorised into large cap, mid cap, and small cap segments to recognise top performers in each category.
-
Banking & Finance2 weeks agoOman Oil Marketing Company Concludes Its Annual Health, Safety, Environment, and Quality Week, Reaffirming People and Safety as a Top Priority
-
Economy2 months agoMaal Card: What Oman’s New National Payment Card Means for Everyday Users
-
Leaders Speak2 months agoDhofar International Development and Investment Company: Driving Sustainable Growth and Strategic Synergies in Oman’s Investment Landscape
-
Events2 months agoOER Corporate Excellence Awards 2025 Honours Entities and Innovations in Oman
-
News2 months agoSheikh Suhail Bahwan, Chairman of Suhail Bahwan Group, Passes Away
-
News1 month agoOIG Appoints New CEO to Lead Its Next Chapter of Excellence
-
Economy2 months agoOman Unveils Official Omani Rial Symbol in Landmark Move to Boost Global Currency Presence
-
News1 month agoReport: How India & The Middle East Are Exploiting Immense Economic Synergies
