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Arabian Drilling Announces Securing Contract Extensions for Four of its Rigs with Aramco

Element ListExplanation
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  

Attachments

734_14240_3703_2025-07-02_07-58-19_en.pdf