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ARABIAN DRILLING

05 May, 2025 15:51

Arabian Drilling Announces Long Term Contract Extension for Two Land Rigs with Aramco

Element ListExplanation
Introduction Long-term Contract Extension
Date of Announcement of the Award 2025-05-05 Corresponding to 1446-11-07
Contract Subject Matter Arabian Drilling Announces Long Term Contracts Extension for Two Land Rigs with Saudi Aramco
The Entity with Which the Contract was Signed Saudi Aramco
Date of Signing the Contract 2025-05-05 Corresponding to 1446-11-07
Contract Value SAR 1,067 million
Contract Details Arabian Drilling will continue to supply fully staffed two land rigs for Aramco to perform drilling operations in the Kingdom of Saudi Arabia
Contract Duration 10 Years per rig
Financial Impact and the Relevant Period Contribution to the Company's revenue is expected to start in Q2 2025.
Related Parties Not Applicable
Additional Information Not Applicable
Attached Documents  

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