Aramco extends contracts for four Arabian Drilling rigs

Arabian Drilling secured contract extensions for four of its rigs with Aramco, for a combined backlog value of SAR 1.374 million and durations varying between 1 to 10 years. The company is expected to realize the financial impact of extensions starting Q3 2025.
The renewal of these contracts is a key component of Arabian Drilling’s efforts to extend the operational life of rigs scheduled to expire this year, which initially totaled 19 rigs as of 31 March 2025. Discussions continue regarding the renewal of the remaining rigs.