Kuwait’s Action Energy Backlog Hits $1.1 Billion
Rawaf Boursili, Vice Chairman of Action Energy said Kuwait’s national oil companies have shown exceptional capability navigating ongoing regional challenges, reaffirming their commitment to supporting Kuwait’s upstream energy sector and long term objectives. The company’s contracted backlog has reached a record level of $1.1 billion. Approximately 39% of the backlog comprises integrated, high value oilfield services, which is exptected to become an increasingly significant contributor to the company’s financial performance in the near future. The company’s international expansion has also moved from strategy to execution as they are preparing to deploy artificial intelligence oslutions for well control digitilization and real-time monitoring.

