Arabian Drilling awarded $77 million Contract extension

Arabian Drilling, Saudi Arabia announces that it has secured a contract extension for one of its Saudi Aramco land rigs.

The contract extension is for 5 years and will commence immediately after the current contract comes to an end in Q4’24.

The estimated associated backlog for the extension is approximately SAR 290 million.

Ghassan Mirdad, Chief Executive Officer of Arabian Drilling, commented:“Once again, we are very pleased with the latest Aramco contract extension which is yet another multi-year tenure. This is a reflection of the ongoing long term partnership with Saudi Aramco. We look forward to servicing Aramco with the same dedication and passion.”