Arabian Drilling Extends Contracts for Four Drilling Rigs with Aramco for SAR 1.3 Bln

Arabian Drilling Company announced on Wednesday the extension of contracts for four drilling rigs with Saudi Aramco for SAR 1.374 billion.

The Company stated that the contract period extends from one to ten years, noting that the financial impact of the contract is an increase in the size of the future workbook by SAR 1.374 billion.

According to a statement published on Tadawul, Arabian Drilling is expected to begin realising the financial impact of the extensions starting in the third quarter of 2025.