| Introduction | Arabian Drilling announces signing of a memorandum of understanding with Shelf Drilling to establish a strategic alliance in international offshore drilling |
| Memorandum Signing Date | 2025-02-17 Corresponding to 1446-08-18 |
| Counterparty | Shelf Drilling Company |
| Memorandum Subject | Establish a strategic alliance which aims to deploy certain Arabian Drilling premium jack-up rigs internationally and expand the reach and capabilities of both companies. |
| Memorandum Duration | Undefined |
| Related Parties | None |
| Financial Impact | Signing the memorandum of understanding does not have an immediate financial impact. Arabian Drilling will disclose any contracts secured by the alliance, along with their financial implications, as they arise. |
| Additional Information | The Alliance will provide significant benefits to both parties by combining complementary capabilities. Arabian Drilling will gain access to Shelf Drilling's extensive international operating platform and diverse customer relationships. Shelf Drilling will gain access to Arabian Drilling’s state-of-the-art, high-specification jack-up rigs. By combining resources, technical expertise and operational excellence, the Alliance is well positioned to deliver outstanding service to customers and value for shareholders. |
| Attached Documents |  |
