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Arab Drilling secures 2bn riyal Khafji deal
Saudi Arabian Drilling Company has announced the signing of a two-billion Riyal contract with the Khafji Joint Operations for a duration of four years, aimed at enhancing its operational capabilities in the Khafji region. The contract includes the provision of four high-specification offshore rigs to support offshore field operations, which will increase the company's fleet size by up to 200%. The financial impact of this contract is expected to reflect in the company's results starting from the end of the fourth quarter of 2026, and it is the largest of its kind in offshore drilling with this entity. This expansion reflects the company's strategy to serve the Saudi energy sector and strengthen its market share, aligning with the Kingdom’s goals for sustainable growth in the oil and gas industry.
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