Arabian Drilling signs SAR 2B contract with SLB for 8 land rigs

The five-year contract will add nearly SAR 2 billion to Arabian Drilling backlog

Arabian Drilling Co. signed a new SAR 2 billion contract with SLB Schlumberger Middle East SA to provide eight additional land rigs for LSTK operations for gas projects.

 

In a statement to Tadawul, the company said the five-year contract will add approximately SAR 2 billion to its backlog.

 

The rigs will be redeployed from the company’s available land rig fleet, bringing its total backlog to around SAR 16 billion.

 

The contract is expected to contribute to revenue starting in Q4 2026, the statement added, noting that SLB is a related party to the contract, as it is one of Arabian Drilling's major shareholders.

 

Contract Details

Item

Details

Parties

Arabian Drilling and SLB Schlumberger

Subject

Providing 8 additional land rigs for LSTK operations for gas projects

Value

SAR 2 billion

Duration

5 years

Method

The rigs will be redeployed from the company's available land rig fleet

Financial impact

The contract will contribute to revenue starting from Q4 2026

Related party

SLB, as it is one of Arabian Drilling's major shareholders
 

According to data available on Argaam, Arabian Drilling signed a new five-year contract with SLB Schlumberger Middle East in August to provide 11 land rigs for LSTK operations for gas projects, at a total value of approximately SAR 3 billion.

 

Accordingly, the two contracts will provide a total of 19 rigs, with a combined contract value of SAR 5 billion.

 

Comments {{getCommentCount()}}

Be the first to comment

{{Comments.indexOf(comment)+1}}
{{comment.FollowersCount}}
{{comment.CommenterComments}}

رد{{comment.DisplayName}} على {{getCommenterName(comment.ParentThreadID)}}

{{comment.DisplayName}} حساب موثّق

{{comment.ElapsedTime}}
loader Train
loader Train
Sorry: the validity period has ended to comment on this news
Opinions expressed in the comments section do not reflect the views of Argaam. Abusive comments of any kind will be removed. Political or religious commentary will not be tolerated.

Popular Links

Quick Links

Join Us

Argaam.com Copyright © 2026, Argaam Investment, All Rights Reserved
Call Request