• AEC is Kuwait’s leading local private onshore drilling contractor, operating 20 rigs as of H1 2025, equivalent to approximately 10% of Kuwait’s active onshore rig fleet. AEC is fully Kuwaiti-owned and offers onshore drilling and a broad suite of oilfield services.
  • Since commencing operations with two rigs in 2016, the Company has expanded its fleet tenfold and progressively added oilfield services through obtaining pre-qualifications for  activities such as electric submersible pumps (ESP), slickline, once-through steam generator (OTSG) services, tubular inspection, cementing, mobile equipment inspection, directional drilling, and workshop capabilities, amongst others, and is in the process of obtaining pre-qualifications for additional services. AEC remains the only local company with operations and capabilities across both drilling and oilfield services, establishing itself as local champion. 
  • This development reflects AEC’s long-term strategy to evolve from a drilling contractor into a full-cycle well solutions provider. The platform combines local operating experience with international technology partnerships, including JVs with established global oilfield service providers, enabling efficient and competitive execution. The majority of AEC’s fleet has been delivered or refurbished since 2020, providing a modern asset base with one of the youngest fleets in Kuwait (average rig age of 2.07 years) and a 30-year operating horizon.