Arabian Drilling Secures Three Major Land Contract Extensions
Source: www.gulfoilandgas.com 1/13/2026, Location: Middle East
The Company secured three contract extensions for land rigs with a total value of SAR 1.4 billion, adding 25 active rig years to its backlog. One rig is currently operational; another is expected to be operational by the end of January, while one rig is suspended and expected to resume operations during 2026. Together with the four most recent contract extensions announced on 17 November 2025, Arabian Drilling has now secured a total of seven contract extensions. These agreements amount to SAR 3.4 billion and represent 55 committed rig years.