Abraj Energy Services expands regional presence

ABRAJ ENERGY SERVICES SAOC,

Oman’s leading drilling company, has signed a five-year strategic partnership with Saudi Arabian Chevron and Kuwait Gulf Oil Company for drilling and oil extraction.

The agreement involves building three drilling platforms and providing related services for the Wafra oilfield project located within the Onshore Partitioned Neutral Zone (PZ) in southern Kuwait.

The collaboration will allow Abraj to expand its portfolio of services, exchange experiences and adopt best practices in the fields of drilling, sustainability and technology in the sector.

Saif Al Hamhami, Abraj Energy Services CEO, said, “We are pleased to announce our strategic partnership with Saudi Arabian Chevron and Kuwait Gulf Oil

Luberef signs EPC contract with PETROJET for Yanbu production facility

SAUDI ARAMCO BASE Oil Company (Luberef) has announced the signing of an engineering, procurement, and construction contract with PETROJET Co. for the Yanbu facility expansion (Growth II) at a total value of SAR 555mn (US$148mn). This aims to expand existing units at Yanbu facility to 1.3mn – their maximum potential production capacity – in 2025, by increasing Group II base oils production or introducing the production of Group III base oils. This expansion will allow flexibility for the production of additional Group II and Group III base oils based on market demand.

From its two facilities, located in Yanbu and Jeddah, Luberef currently has a combined capacity to produce 1.3mn metric tonnes per annum of base oils. Base oils are used in a wide range of applications and help to power functions such as gear oils and transmission fluids. They are used to power vehicles and are an important component for all types of machinery. Base oils are critical across multiple industries, where hydraulic, turbine and transmission fluids are required for production and manufacturing machinery, such as in the steel industry, food production, textiles and clothing.