Arabian Drilling, Saudi Arabia, announced the signing of 10-year contract extensions for two of its land rigs with Aramco.
This extension adds SAR 1,067 million to the Company’s backlog and 20 rig years, which will be included in the Q2’25 backlog.
The two rigs that received extensions include one rig operating in geothermal drilling and another serving as an oil workover rig. These extensions highlight Arabian Drilling’s continued role as Aramco’s longest-serving drilling contractor, involved in innovative drilling and exploring new resources and affirm its longstanding commitment to operational excellence for more than 60 years
Ghassan Mirdad, Chief Executive Officer of Arabian Drilling, commented: “We are honored to continue our valued partnership with Aramco through these recent contract extensions, which allow us to deploy our expertise in drilling for emerging natural resources such as lithium and geothermal wells. This enhancement of our backlog not only underlines the strength of our relationship with Aramco but also demonstrates our team’s commitment to maintaining the highest standards of operational excellence. As we expand our capabilities and fleet, we remain dedicated to delivering consistent, high-quality service to our clients and strive to create long-term value for our shareholders.”
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