- Business
- Action Energy Inc. is a Kuwait-based oilfield services and energy company specializing in onshore drilling, well services, and oilfield equipment provision. Its core offerings include drilling services with various horsepower rigs, directional drilling, coil tubing services, drilling and completion fluids, and cementing contracts. The company operates principally in Kuwait and the broader Middle East region, serving major national oil companies including Kuwait Oil Company (KOC). Founded in the early 2000s and headquartered in Kuwait, Action Energy focuses on providing integrated oilfield services designed to enhance operational efficiency and support local content requirements.
In the last two years, Action Energy has made significant strategic moves to expand its regional footprint with partnerships and strategic Memoranda of Understanding (MOUs) signed to collaborate on oil and gas projects in Saudi Arabia and the wider Middle East. It secured new contracts for multiple high-horsepower rigs (including 750 HP, 1,500 HP, and 3,000 HP rigs), renewed existing rig contracts, and enhanced its service offerings through joint ventures with companies like CPVEN and Naftoserv. The company is also preparing for an initial public offering (IPO) in Kuwait, which will mark a rare energy sector listing in the Gulf region since 2008, with advisory support from National Investments Co. and EFG Hermes. These developments underscore Action Energy’s growth strategy focused on expanding operational capacity and market reach across key Gulf Cooperation Council (GCC) countries.
Its suite of products and services includes rig leasing and management, drilling and completion fluids, coil tubing, and directional drilling technologies, with additional emphasis on operational excellence and corporate social responsibility initiatives. The company’s evolution through new contracts, service diversification, and IPO planning positions it as a growing regional player in the energy sector, providing comprehensive oilfield solutions across multiple GCC markets.