In a significant boost to Saudi Arabia’s upstream drilling operations, Arabian Drilling has secured contract extensions valued at SAR 1.37 billion ($366.4 million) for four rigs operating under Saudi Aramco. These strategic extensions underscore the company’s long-standing partnership with Aramco and reflect confidence in Arabian Drilling’s performance and reliability.
🔧 Key Details:
- Scope: Extension of four rigs with varying durations from 1 to 10 years
- Impact: These extensions increase Arabian Drilling’s total backlog to SAR 11.1 billion
- Continuity: The contracts ensure the uninterrupted service of rigs originally set to expire in 2025
- Legacy: Strengthens a partnership that began in 1972, further reinforcing Arabian Drilling’s role in Saudi Arabia’s energy sector
This move follows earlier renewals announced in May 2025, which included two 10-year contract extensions, marking a clear commitment to long-term operational excellence.
CEO Ghassan Mirdad shared his perspective on this milestone:
“These agreements are a testament to the trust Aramco places in our operational capabilities and our unwavering commitment to excellence.”
The extensions not only highlight Arabian Drilling’s strategic value to Aramco’s upstream development but also signal the company’s continued focus on growth, service reliability, and operational excellence in the Kingdom.
