Saudi Arabian Drilling expands its regional presence with a new contract in one of the Gulf Cooperation Council countries

According to the company’s statement on the Saudi Stock Exchange’s “Tadawul” website today, Tuesday, this contract represents the company’s expansion into a new market within the Gulf Cooperation Council countries, which reflects the company’s ability to employ its expertise in offshore drilling to benefit from growth opportunities and support its long-term strategic goals.

The company noted that operations are expected to begin before the end of the third quarter of 2026, as this contract contributes to enhancing the company’s cumulative business record.

Improving future revenues and supporting the company's financial performance in the long term.

She also pointed out that this new contract comes after the early completion of the first international offshore drilling contract for Arab Drilling, which enabled the company to redirect its offshore drilling platform to work in another country within the Gulf Cooperation Council countries.

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