• AEC’s strategy is built on a disciplined approach to growth, underpinned by Kuwait’s strong fundamentals and long-term production targets. Kuwait’s national operator has announced plans to raise crude production to 4.0 mmbpd by 2035 and free gas production to 2 bcfd by 2040, requiring around 201 drilling and workover contracts by 2030. With a proven track record and long-standing relationship with the national operator, AEC is well-positioned to capture this demand. 
  • The Company continues to expand its oilfield services portfolio, having secured pre-qualifications and awards across electric submersible pumps, slickline, inspection, and OTSG services. Further pre-qualifications are underway, reducing reliance on joint ventures while leveraging knowledge transfer from technical partners. 
  • Regionally, AEC is assessing opportunities across the GCC, where incremental drilling and workover demand is expected by 2030. Growth options include independent bids, new joint ventures, and selective acquisitions, which offers multiple pathways to scale and enhance competitive positioning.