• AEC operates one of the youngest and modern rig fleets in Kuwait and the wider GCC, with an average age of 2.07 years compared to the Kuwait market average of approximately 15.9 years. Of the Company’s 20 rigs, 18 have been delivered or comprehensively refurbished since 2022, with horsepower ranging from 550 HP to 3,000 HP and a total installed capacity of 20,600 HP. As of H1 2025, 100% of the fleet is contracted and fully operational. 
  • The fleet is designed for mobility and efficiency, supported by advanced rig-move systems. With a 30-year operating horizon, AEC’s rigs provide a durable and cost-effective base to meet Kuwait’s growing drilling demand. 
  • Kuwait is estimated to witness 120 drilling contracts and 81 workover contracts between 2025E-2030E, underpinned by c.US$9–10 billion of annual upstream investment, reinforcing sustained demand for AEC’s young, fit-for-purpose fleet.