Introduction | ARABIAN DRILLING SECURES CONTRACT EXTENSIONS FOR FOUR OF ITS RIGS WITH ARAMCO |
Date of Announcement of the Award | 2025-07-01 Corresponding to 1447-01-06 |
Contract Subject Matter | ARABIAN DRILLING SECURES CONTRACT EXTENSIONS FOR FOUR OF ITS RIGS WITH ARAMCO |
The Entity with Which the Contract was Signed | Saudi Aramco |
Date of Signing the Contract | 2025-07-01 Corresponding to 1447-01-06 |
Contract Value | SAR 1,374 MILLION |
Contract Details | Arabian Drilling secures contract extensions for four of its rigs with Aramco totaling a combined backlog value of SAR 1,374 million with durations varying between 1 to 10 years |
Contract Duration | Varying extensions up to 10 years |
Financial Impact and the Relevant Period | Increase in backlog size by SAR 1,374 million. Impact on revenues will start on Q3 2025 |
Related Parties | Not Applicable |
Additional Information | Not Applicable |
Attached Documents |  |