Company Burgan Company for Well Drilling, Trading and Maintenance K.S.C. (Public)

Equities

ABAR

KW0EQ0601959

Oil & Gas Drilling

End-of-day quote Kuwait S.E. 23:00:00 27/04/2024 BST 5-day change 1st Jan Change
0.107 KWD +0.94% Intraday chart for Burgan Company for Well Drilling, Trading and Maintenance K.S.C. (Public) +5.94% +20.36%

Business Summary

Burgan for Well Drilling Trading and Maintenance KSCP is a Kuwait-based company engaged in the provision of exploration, development and drilling services, as well as maintenance of wells for oil and gas companies. The Company operates a fleet of rigs supported by specialized departments, such as transport and mechanical, and fabrication facility, which manufactures portacabins used at the rig sites for accommodating drilling and rig crew. Its machining services, located in Ahmadi, equipped with bays, lathes, boring machines, milling machine, shapers, valve repair and testing equipment, grinders, welding and cutting machinery, and warehouse storage, and offers repair and manufacturing services of down hole tools, such as cross-over, subs stabilizer, flat bottom mills, wash over shoes, taper mills and pup-joint, double studded adapters, spools, flanges, and nipples to the drilling industry.

Number of employees: 3,039

Sales per Business

KWD in Million2022Weight2023Weight Delta
Drilling
81.4 %
44 82.6 % 45 81.4 % +2.79%
Rig Move
9.3 %
5 8.8 % 5 9.3 % +10.17%
Rig Mobilisation
5.6 %
2 3.7 % 3 5.6 % +56.28%
Well Location
3.7 %
2 4.7 % 2 3.7 % -16.92%

Sales per region

KWD in Million2022Weight2023Weight Delta
Kuwait
100.0 %
53 100.0 % 55 100.0 % +4.36%

Managers

Managers TitleAgeSince
Chief Executive Officer - 31/12/03
Director/Board Member 56 31/12/05
Comptroller/Controller/Auditor - -

Members of the board

Members of the board TitleAgeSince
Director/Board Member 56 31/12/05
Chairman - 31/12/11
Director/Board Member - 03/11/19
Director/Board Member - 03/11/19
Director/Board Member - 03/11/19
Director/Board Member - 03/11/19

Share class

VoteQuantityFree-FloatCompany-owned sharesTotal Float
Stock A 1 267,443,455 58,567,167 ( 21.90 %) 7,090,200 ( 2.651 %) 21.90 %

Shareholders

NameEquities%Valuation
Hamad Ahmad Abdullatif Al Hamad & Partners Co.
20.40 %
54,558,465 20.40 % 19 M KWD
Ahmad Hamad Ahmad Al Hamad For General Trading & Contracting
20.00 %
53,488,705 20.00 % 19 M KWD
39,207,220 14.66 % 14 M KWD
38,511,866 14.40 % 14 M KWD
16,019,867 5.990 % 6 M KWD
7,090,200 2.651 % 3 M KWD

Holdings

NameEquities%Valuation
7,090,200 2.65% 2,512,483 $

Company contact information

Burgan Co. for Well Drilling, Trading & Maintenance SAK

West Industrial Shuaiba Street 306

64022, Fahaheel

+

http://www.burgandrilling.com
address Burgan Company for Well Drilling, Trading and Maintenance K.S.C. (Public)(ABAR)
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