Arabian Drilling gets notices to restart three onshore rigs

An ADC offshore rig

Arabian Drilling Co. (ADC) said it received notices to resume operations for three of its suspended onshore rigs, in line with prevailing daily market rates.

In a statement to Tadawul, the company said the rigs are expected to restart drilling operations in Q1 2026.

With these recalls, Arabian Drilling will have reactivated 50% of its previously suspended drilling platforms, it added.

The company noted that, together with the two offshore rigs whose reactivation was announced on Oct. 30, and the launch of its first international contract in the GCC region, overall fleet utilization is expected to reach 80% in Q2 2026, up from 73.8% in Q3 2025.

The planned offshore reactivations in Q1 2026, along with the onshore restarts, support the company’s strategic growth trajectory, it said.

CEO Ghassan Mirdad said that resuming operations for the three onshore rigs, just days after the two offshore reactivation announcements, reflects improving market conditions in the Kingdom and underscores confidence in the company’s expertise and service quality.

The company continues to implement a carefully phased reactivation plan, Mirdad added.

According to data available with Argaam, Arabian Drilling received notices to resume operations at two of its temporarily suspended offshore rigs at current market day rates.