Arabian Drilling wins deal extensions worth $800m from Aramco

Arabian Drilling wins deal extensions worth $800m from Aramco

Arabian Drilling Company, has announced that Aramco has extended several onshore and one offshore rig contracts worth about SR3 billion ($800 million), due to expire in 2023, for periods ranging from 3 to 10 years.
 
Ghassan Mirdad, Chief Executive Officer of Arabian Drilling, the onshore and offshore drilling champion in Saudi Arabia, commented: “We are very pleased with the trust placed in us by our customers in extending some of our land and offshore rigs contracts. In particular, the 10-year extension is an important milestone, it will give us good visibility and avenue to prove we can deliver outstanding performance, year on year.
 
“We continue to see a positive outlook in the market and pursue our growth strategy while remaining focused on achieving the highest Health, Safety and Environment standards across our operations.”

Read the latest issue of the OGV Energy magazine HERE

Published: 14-08-2023