Abraj Energy signs partnership with Algerian oil and gas group
Abraj Energy Services, Oman’s leading oil and gas services provider, has inked an MOU with Sonatrach, the Algerian oil and gas group.
This agreement aims to create new business opportunities and foster integrated project management in the oil and gas services sector between the two countries.
The MOU was signed by Eng Saif al Hamhami, CEO of Abraj Energy Services, and Farhat Aounougui, Vice President of Business Development and Marketing at Sonatrach.
The signing ceremony was witnessed by Rachid Hachichi, the CEO and Chairman of Sonatrach Group, Ayad al Balushi, Chairman of Abraj Energy Services, several senior officials from both companies and H E Dr Mohamed Ali Bougazi, the Algerian Ambassador to the sultanate.
The event was held at the W Hotel in Muscat during a threeday visit by Sonatrach's delegation to Abraj Energy Services.
“We are delighted to sign this MOU with Sonatrach, which is a crucial step towards bolstering cooperation between Oman and
Algeria in the oil and gas sector,” said Saif al Hamhami, the CEO of Abraj Energy Services. “This partnership reflects our mutual commitment to leverage our capabilities and expertise to enhance joint business opportunities in oilfield services and integrated project management.”
He added, “The Algerian delegation’s visit marks a significant step towards achieving our goals and strategic plans, and we look forward to a bright future together in various fields.”
The MOU aims to facilitate the exchange of expertise, knowledge, and technology between Abraj Energy Services and Sonatrach, which oversees Algeria’s energy and petroleum sector. It seeks to provide drilling and well services and integrated project management in Algeria’s oil and gas fields.
Rachid Hachichi, Sonatrach’s
CEO and Chairman comments: “The signing between Sonatrach and Abraj Energy Services heralds a new chapter in the collaborative efforts between Algeria and Oman in the energy sector. This MOU is more than a simple agreement; it is a bridge connecting the expertise and resources of two leading national companies, aiming to spearhead innovation and excellence in the oil and gas industry.”