Aramco awards US $226mn land rigs contract ...United Arab Emirates

Arabian Drilling Company has announced long-term contracts worth US $226.5mn for the supply of three additional land rigs to Saudi oil giant Aramco. Under this deal, Arabian Drilling will be supplying the land rigs along with full crews, and the entire contract will run for five years. With these new additions, the rig fleet strength has now risen to 48. On the contract win, CEO Ghassan Mirdad said: “We are delighted with this new award as it further consolidates our footprint in the Unconventional Gas fields by bringing the total number of brand-new land rigs that Arabian Drilling will deploy to 13. This is another important step in the execution of our strategy. Our operations mix of conve

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Last updated : 12 February 2024 clock 10:44 AM

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Aramco awards US $226mn land rigs contract ...United Arab Emirates

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