CB&I’s Asset Solutions wins UAE well‑engineering contract, expanding its Middle East oil‑service footprint
Executive summary: CB&I’s Asset Solutions business secured a well‑engineering services contract with Cosmo E&P Albahriya Limited in Abu Dhabi to support drilling operations. The contract underscores continued investment in Middle East upstream services and expands CB&I’s order book in a key oil‑producing region.
Who is involved: CB&I (Asset Solutions unit), Cosmo E&P Albahriya Limited (Cosmo), and the Abu Dhabi upstream sector.
Likely next: CB&I is expected to commence well‑engineering work under the contract, while market participants monitor oil‑price trends that could affect future drilling activity.
CB&I’s Asset Solutions division, formerly part of Petrofac, has secured a well‑engineering services contract from Cosmo E&P Albahriya Limited in the United Arab Emirates to support drilling operations. The award highlights continued upstream investment in Abu Dhabi despite broader oil‑market volatility. It adds to CB&I’s order book in the region and reinforces demand for specialist well‑engineering services in the Middle East.
Timeline
- — CB&I CONTINUES GROWTH IN MIDDLE EAST WITH NEW ABU DHABI WELLS CONTRACT (PR Newswire)
Analysis — what this means
Sectors affected
- Oil and gas well engineering services
- Middle East upstream oil sector
Key entities
Sources
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