Since its establishment in 2006, we at Abraj Energy Services aimed to be a leading Omani brand in the oilfield services sector. Over the years, we have achieved exponential success in terms of operations customer satisfaction and financial strength, with a Compounded Annual Growth Rate of 31% on our earnings since inception.
Today, we boast a state-of-the-art drilling fleet that enables us to maintain our competitive strategy and deliver results to our customers. We pride ourselves in being the 1st Omani company in many facets of the industry including the 1st semi-automated rigs and the 1st Variable Frequency Drive rigs in Oman. With the contribution of Abraj's 2,484 employees, we maintain a top quartile utilization rate on our operated rigs and hoists. To continue being a pioneer in the Oilfield services sector, we place a high importance on HSE, quality assurance and operational excellence. In addition, Abraj is prequalified in 6 countries globally to conduct a range of services, setting the stage for further future expansions.
We also pride ourselves in prioritizing our commitment to environmental concerns in all aspects of our operation as well as being a bastion for social contribution and empowerment. We continue to proceed with diligence and appreciation of our internal and external environments. Our success story, and our positive footprint is also made possible through the adherence of a robust corporate governance framework.
At Abraj, employee empowerment, and value generation to our shareholders and community is paramount to our business. With an eye on the ever-changing landscape of the oil and gas services sector and the drive to maintain our position as a market leader, Abraj is committed to pursue excellence in all venues of the business