Action Energy Company K.S.C.C. (AEC)

Action Energy Company K.S.C.C. (AEC), founded in 2015, is a leading Kuwaiti-owned upstream oil services provider.

AEC delivers a broad range of upstream services, including onshore Drilling & Workover, Electric Submersible Pumps, Slickline, Wireline, Directional Drilling, OTSG, Inspection, Coil Tubing, Simulation, Cementing, and Mud Engineering.

The company owns and operates a modern rig fleet of 20 rigs, ranging from 550HP to 3,000HP, with a total capacity of 20,600 HP.

AEC is committed to safety, innovation, and community development – as reflected in its IADC recognition and ISO and Intertek certifications for operational excellence.

AEC has forged strong partnerships with leading global oil and gas companies, including Helmerich & Payne, Tanjing Ronheng (TRG), Expert Optima, COSL, Kerui, Jereh, CPVEN, NaftoServ Energy Services —all recognized for their extensive expertise in upstream services.

AEC recently acquired Target NDT, a leading local inspection company.

Action Energy Company Vision & Mission Statement

Defining our commitment to excellence and integrity

Commitment to our customers

We strive to exceed customer expectations by delivering quality products and services that meet their needs.

Focus on innovation

Innovation drives us to constantly improve and adapt to changing market demands, to be acknowledged as local market leader in Oil & Gas sector service providers.

Sustainability initiatives

We are dedicated to sustainable practices that minimize our environmental impact and contribute to a greener future.

Community engagement

Our commitment extends beyond business as we support local communities and promote CSR.

Integrity and transparency

We uphold the highest standards of integrity and transparency in all our business dealings and relationships.

Employee development

We invest in our employees’ growth and development, fostering a culture of learning and advancement.

Board of Directors

Sheikh Mubarak Abdullah Al-Mubarak Al-Sabah

Chairman

Eng. Rawaf I. Bourisli

Vice Chairman

Ahmad M. Al-Ajlan

Board Member & CEO

Vikas Arora

Board Member

Talal Al-Qassar

Board Member

AEC’s Journey Through Time

2015

Founded in 2015

The foundation of our company was laid with a vision to be the leading onshore rigs and oilfield service provider in the country and region.

2015

First KOC Contract

The company was awarded 5 years drilling contracts for two 1500 HP drilling rigs by Kuwait Oil Company (KOC).

2016

Expansion to Oil Services

The company under its JV with CPVEN was awarded its first Coil Tubing contract with KOC.

2018

Expansion in Deep Drilling

In 2018, secured two 3000 HP contracts along with our partners KCA Deutag. Those two newly built rigs were mobilized in 2020 and 2021.

2019

Further Services Expansion

Cementing, Mud Engineering contracts were awarded to our JV with CPVEN, bringing the total value of signed contracts to USD 200 million.

2021

Sale of Contracts

Our first capital transaction was done by selling the Coil Tubing, Cementing, and Mud Engineering JV contracts.

2022

Further Expansion

The company successfully renewed two 1500 HP rigs contract, and secured additional six 750 HP workover rigs bringing the total capacity of the AEC to 13,500 HP.

2024

Preference Share Issuance

The company issued Preference Shares for USD 55 million (first issuance in Kuwait) which was fully subscribed by Gulf Investment Cooperation (GIC) www.gic.com.kw

2025

Expansion of Rig Fleet & Oilfield Services

AEC added 10 new rigs to the fleet, bringing total rig count to 20 rigs, and expanded into oilfield services for slickline, OTSG and inspection services.

Recognitions