Arabian Drilling announces reactivation of recalled rigs

Arabian Drilling said its first international offshore contract has commenced operations within the GCC region.

Arabian Drilling Co. announced the successful reactivation of one offshore and one land rig, both previously recalled in the fourth quarter of 2025, the company said in a statement to Tadawul.

Another land rig recalled in the fourth quarter is scheduled to resume operations tomorrow, March 2.

Additionally, the company's first international offshore contract has commenced operations within the GCC region.

All three reactivated rigs are now fully operational and generating revenue, with the complete financial impact expected to be realized by the second quarter of 2026, the statement said.

With the additional land rig starting on March 2, offshore and total fleet utilizations will reach 91% and 82%, respectively.

The remaining contract values for the three recalled rigs collectively represent a total value of SAR 1.5 billion and add an average of 20 active rig years to the company’s backlog.

The international contract, which primarily focuses on exploration activities, includes an initial allocation of SAR 75 million for the preliminary drilling of exploration wells over a period of five to seven months. Any potential extension of this contract will be determined based on the successful outcomes of these exploratory operations.

In Q4 2025, Arabian Drilling received recalls for three land rigs and two offshore suspended rigs, though one land rig recall was later withdrawn. The final offshore rig is set for deployment in early Q2 2026, which will raise offshore utilization to 100%, the statement said.