Arabian Drilling Announces Ten New Land Rigs Contracts signing for Unconventional Gas
Element List
Explanation
Introduction
New Contracts Signature
Date of Announcement of the Award
2023-07-31 Corresponding to 1445-01-13
Contract Subject Matter
Arabian Drilling announces long term contracts signature for Ten (10) land rigs with Saudi Aramco
Date of Signing the Contract
2023-07-31 Corresponding to 1445-01-13
Contract Value
Contracts value is over (3) three billion Saudi Riyals (Excluding VAT)
Contract Details
Arabian Drilling will supply ten (10) new land rigs with full crews for Aramco’s unconventional program in the Kingdom of Saudi Arabia.
For the sake of clarity, the total number of rigs contracted after the signing of these contracts will be (45) onshore rigs and (12) offshore units.
Contract Duration
5 Years
Financial Impact and the Relevant Period
Contribution to the Company's revenue is expected to start in Q2 2024.
Related Parties
None
Attached Documents
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