Arabian Drilling, Saudi Arabia’s largest drilling contractor by fleet size, announced the signing of a three-year offshore contract extension with Khafji Joint Operations “KJO” with a total backlog addition ranging from 8.0% to 12.0% of the Company’s 2024 revenues.
This contract extension is in direct continuation of the existing contract and is effective as of today.
KJO is a joint venture between Aramco Gulf Operations Company and Kuwait Gulf Oil Company located in the Saudi Khafji city and covering oil and gas operations in the Neutral Zone.
Ghassan Mirdad, Chief Executive Officer of Arabian Drilling, expressed his views on the extension: “We are proud to renew this offshore drilling contract with KJO; our first client since commencement of our operations in 1964, which reaffirms our ongoing commitment to providing exceptional service to our clients. I would like to thank KJO for their continued trust and support for over six decades of successful partnership.”
