Al-Hafr Al-Arabi Reveals Expansion Plan
Arab Drilling Company has announced the signing of a contract to commence drilling operations in Oman, targeting the drilling of two confirmed wells with an option for two additional wells. The investment amount is less than 5% of the company's annual revenues, with operations expected to begin in 2026. This step aims to expand the company's regional presence and diversify its geographic operations, while also improving the efficiency of capital asset investments and responding to the increasing demand for oil and gas in the region. The results of this project will appear in the company's financial statements during the fiscal year 2026.
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