Abraj Energy Raises 2026 Revenue Guidance as Rig Activity Accelerates

Oman's energy services sector continues to demonstrate strong momentum as Abraj Energy Services has upgraded its full-year 2026 revenue guidance, supported by increased rig activity, higher utilization rates, and a record contract backlog.

The company reported continued operational growth during the second quarter of 2026, driven by stronger drilling activity, expanding operations in Kuwait, and sustained demand from key clients. Rig utilization reached its highest level in the past 12 months, while the company's backlog climbed to a new record, providing greater long-term revenue visibility. As a result, Abraj revised its full-year revenue guidance upward, reflecting confidence in continued operational performance through the remainder of the year.

The performance highlights the resilience of Oman's energy services industry and reinforces the sector's role in supporting the Sultanate's broader economic growth. With fleet expansion progressing and new contracts strengthening its pipeline, Abraj Energy is well positioned to capitalize on increasing regional energy demand while delivering sustainable value to shareholders.