Arabian Drilling signs contract for offshore jack up unit with Aramco at SR 650 mln

Arabian Drilling announced on Wednesday a new 5-year signed contract for one offshore jack up unit with Aramco for an approximate contract value of more than SAR 650 million.

Arabian Drilling said it will supply an offshore jack up unit with full crew to perform offshore drilling services in the Kingdom of Saudi Arabia. The contract is expected to commence operations in Q3 2023.

The financial impact will contribute to the company’s revenue that is expected to start in Q3 2023.