Samail:A Grand Wood factory specializing in the assembly and repair of oil and gas well-drilling bits was inaugurated today in Samail Industrial City, which is managed by the Public Establishment for Industrial Estates ("Madayn"). The factory has been established with an investment of RO 830,000 and covers a total area of 3,292 square meters.
According to Oman News Agency, the opening ceremony was presided over by Qais bin Mohammed Al Yousef, Chairman of the Public Authority for Special Economic Zones and Free Zones, and was attended by local dignitaries and officials from both the public and private sectors.
Ali bin Khalfan Al Yahy'ee, CEO of Grand Wood, remarked that the establishment of this factory and its specialized drill-bit data analysis center represents a major advancement in localizing advanced technologies that bolster the oil and gas sector in Oman. The facility is designed to perform high-precision data analysis efficiently, aiming to enhance drilling operations' efficacy while reducing associated costs.
Al Yahy'ee further emphasized that the drill-bit data analysis center is unique in the Middle East, outside the United States, and is fully operated by an Omani workforce. The technologies employed at the new unit expedite the redesign process for drill bits and allow the development of designs tailored to Oman's specific geological resources. Currently focusing on the Omani market, Grand Wood plans to broaden its market reach to GCC states and North Africa by 2027.
The factory offers assembly and repair services for drill bits using advanced technologies such as laser scanning, automated imaging, and AI-based analysis to evaluate the equipment's condition post-use. These analyses are integrated with performance data and design variables to support the development of drilling tools and improve their operational efficiency.
For 2026, the company has secured five-year operational contracts with Daleel Petroleum, Petroleum Development Oman (PDO), and OQ Exploration and Production, alongside a one-year purchase order with BP. These agreements highlight the company's established role in the oil and gas services market and present opportunities for further growth.