Action Energy Company, a Kuwait-based upstream services provider, reported strong first-quarter 2026 growth, with revenue rising 69.2 per cent year-on-year as the Kuwait-based upstream services provider expanded its operating rig fleet from 13 rigs in Q1 2025 to 20 rigs this year.
Action Energy Company (AEC) has signed two MOUs to kickstart regional expansion. One MOU with a North American provider focuses on drilling projects in Saudi Arabia and the GCC, while the second with an Iraqi provider targets turnkey operations in Iraq.
