Arabian Drilling inks SAR 850M contracts for 3 land rigs with Aramco

08/02/2024 Argaam
An ADC offshore rig

An ADC offshore rig

Arabian Drilling Co. signed long-term contracts worth SAR 850 million for three land rigs with Saudi Arabian Oil Co. (Saudi Aramco), according to a Tadawul statement.

 

The contract duration is five years from the start of drilling operations as Arabian Drilling will supply three new land rigs with full crews for Aramco’s unconventional program in the Kingdom.

 

The total number of rigs contracted after the signing of the contracts will be 48 onshore rigs and 12 offshore units.

 

The contract is expected to be reflected starting Q1 2025 financials, the statement said, noting that there are no related parties to the deal.

Comments {{getCommentCount()}}

Be the first to comment

{{comment.FollowersCount}}
{{comment.CommenterComments}}

رد{{comment.DisplayName}} على {{getCommenterName(comment.ParentThreadID)}}

{{comment.DisplayName}} حساب موثّق

{{comment.ElapsedTime}}
{{comment.Replies.length}}
تعديل
loader Train
Report
loader Train
Sorry: the validity period has ended to comment on this news
Opinions expressed in the comments section do not reflect the views of Argaam. Abusive comments of any kind will be removed. Political or religious commentary will not be tolerated.