Arabian Drilling, a leading Saudi-based drilling contractor, announced the signing of three contract extensions for land rigs with a total value of SAR 1.4 billion ($373 million), adding 25 rig years to its backlog.

One rig is currently operational; another is expected to be operational by the end of January, while the third rig is suspended and expected to resume operations during 2026.

Together with the four most recent contract extensions announced on November 17, 2025, Arabian Drilling has now secured a total of seven contract extensions.

These agreements amount to SAR 3.4 billion and represent 55 committed rig years. 

Ghassan Mirdad, Chief Executive Officer of Arabian Drilling, commented: “We are proud to announce the extension of three long-term contracts for our land rigs, further strengthening Arabian Drilling’s partnership with our customers and reinforcing our position as the Kingdom’s leading drilling contractor. Securing a total of SAR 1.4 billion in new contracts and expanding our backlog by 25 rig-years demonstrates both the trust our clients place in us and our ability to consistently deliver quality and reliability. These achievements, along with the recent contract extensions, set a new benchmark for our company and highlight our unwavering commitment to operational excellence as we continue to support the Kingdom’s energy ambitions.” -TradeArabia News Service