ZAWYA-PROJECTS: Arabian Drilling extends 3 land rig contracts with Saudi Aramco

About this update from Arabian Drilling Co.

First published: 13-Jan-2026 11:32:23Staff WriterArabian Drilling Company has secured three contract extensions for land rigs with Saudi Aramco, totaling 1.4 billion Saudi riyals ($373.31 million), adding 25 active rig years to its backlog.One rig is currently operational, the second will start operations by the end of January, and the third, suspended for now, is projected to resume operations this year, the company said in a statement to the Saudi stock exchange.Arabian Drilling has secured seven contract extensions since November 2025, totaling SAR 3.4 billion and representing 55 committed rig years.The contract durations span 10 years, 10 years and 5 years, respectively, for the three contracts.Arabian Drilling projects 100% offshore utilisation by Q2 2026, with total fleet utilisation rising to 80% from 73.8% in Q3 2025, following the resumption of operations for rigs in Q4 2025 and the start of the first international contract in the GCC this quarter, the statement said.(Editing by Anoop Menon)([email protected])Subscribe to our Projects' PULSE newsletter that brings you trustworthy news, updates and insights on project activities, developments, and partnerships across sectors in the Middle East and Africa. Disclaimer: This article is provided for informational purposes only. The content does not provide tax, legal or investment advice or opinion regarding the suitability, value or profitability of any particular security, portfolio or investment strategy. Read our full disclaimer policy here.

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