Muscat: Abraj Energy Services, Oman’s leading oil and gas services provider, inked a Memorandum of Understanding (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 Said Al Hamhami, CEO of Abraj Energy Services, and Farhat Aounougui, Vice President of Business Development and Marketing at Sonatrach.
Eng. Saif Al Hamhami, the CEO of Abraj Energy Services, said: “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. 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. 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 noted: “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. We at Sonatrach are confident that this partnership will unlock numerous synergies and pave the way for sustainable development and prosperity for both countries.”
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