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Al-Hafar Al-Arabiya signs 8-rig gas project deal
Arabian Drilling Company has signed a contract with Schlumberger Middle East (SLB) to supply an additional 8 land drilling rigs at a value of nearly 2 billion Riyals, as part of the Kingdom’s gas projects. The contract aims to support integrated drilling operations in the gas sector, with its financial impact beginning in the fourth quarter of 2026. This will raise the company's total backlog to 16 billion Riyals, bringing the total contracted rigs to 19. Spanning five years, the contract reflects ongoing collaboration between the two parties and affirms the company's focus on strengthening its long-term strategy in the energy sector.
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