Arabian Drilling Company announced signing four contract renewals totaling Over SAR 2 billion. Date of announcement is November 17, 2025. Contract subject matter: Backlog at Lifetime Record of SAR 12.2 Billion by End of 2025.
The contract has been awarded by Saudi Aramco. Date of signing of contract is November 17, 2025. Contract details: Arabian Drilling announced securing four rig contract renewals with a total value exceeding SAR 2 billion and an additional 30 committed rig years to the Company's active backlog.
This increment brings Arabian Drilling?s total backlog to SAR 12.2 billion by the end of 2025, marking a lifetime record in the company?s 61-year history. With these contract renewals, Arabian Drilling has finalized all planned rig contract extensions for 2025. Notably, among these four renewals, two contracts are for rigs whose terms were to expire in 2026.
Three of the four contracts are part of the recently announced resumptions, while one is currently active. The financial impact of these contracts is expected to materialize upon deployment during the first quarter of 2026. This development underscores Arabian Drilling?s position as a leading entity within the Saudi drilling sector and reaffirms its commitment to delivering reliable and high-quality drilling services.
Contract duration: From to ten years.
