Arabian Drilling unveils 4-rig contract extensions with Aramco
This milestone boosts the company's current backlog to SAR 11.10 billion, according to a press release.
In line with its commitment to delivering exceptional service quality, Arabian Drilling is expected to realize the financial impact of extensions starting the third quarter (Q3) of 2025.
Ghassan Mirdad, CEO of Arabian Drilling, commented: "Securing these contract extensions enhances our financial stability and reinforces our strategic position within the industry as we advance towards achieving sustained growth and realizing long-term success in a competitive market.'
In November 2024, the two companies inked an extension deal for land rigs at a value of SAR 290 million.
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