ACTION ENERGY COMPANY (AEC) IS A KUWAITI BASED OIL SERVICES AND ENERGY COMPANY
Action Energy Company K.S.C.C. (AEC) is a subsidiary of Action Real Estate Company (that is ultimately owned by Action Group Holding Company) AEC offers drilling and oilfield services in Kuwait.
Existing rigs portfolio consists of Eight (8) total rigs: two 3,000 HP, two 1,500 HP and six 750 HP rigs. The Company has equipment with total capacity of 13,500 HP. AEC has been awarded new contracts and Ten (10) more rigs will be added to the portfolio: two 550 HP and eight 750 HP.
Pre-qualifications with KOC (directly and/or through partners) for all drilling services, directional drilling, coil tubing, cementing, and mud engineering services. Furthermore, the Company is awaiting final approval for adding wireline, slick line, testing, well intervention, and gyro services.
Strong partnerships with leading global oil and gas key players such as KCA Deutag, Sun Drilling, NaftoServ Energy Services that have extensive experience in upstream services.