The drilling division continues to be a major player in the Middle East land rig market and is currently operating seven rigs in Oman, one in Qatar. The total value of contract on hand is USD 75 million.
For the first time, the Company has entered the Saudi Arabian market. It has won a drilling contract from Saudi Aramco for three years valued at USD 15 million. This contract has been won against stiff competition from international majors including Nabors of USA, Sante Fe of USA, Sedco of France etc.
The division continued its efforts to expand its market and currently has bids under evaluation in Syria and Algeria besides securing the ISO-9002 certification for its Muscat operations.
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