• AEC’s business is anchored by its strong, long-standing relationship with Kuwait Oil Company (KOC), the national oil company and the Company’s primary customer. 
  • A substantial amount of revenue is derived from long-term contracts with KOC, with average remaining contract durations of approximately five years across drilling and workover services. 
  • Additionally, the Company has entered into long-term lease arrangements with KCA Deutag (KCAD), under which two of its 3,000 HP rigs are contracted to KCAD providing AEC with a stable lease income while also reinforcing its role as a trusted local partner to leading international drilling contractors.