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| Announcement Detail | AlKhobar, Kingdom of Saudi Arabia – 12 July 2026: Arabian Drilling, or the “Company” (Tadawul symbol: 2381), Saudi Arabia’s largest drilling contractor by fleet size, today announced that it has received notice of resumption of operations for three previously suspended offshore rigs disclosed earlier in 2026. The suspensions, which were implemented at that time as a precautionary measure in response to regional conditions, were temporary in nature and undertaken in close coordination with clients and relevant stakeholders, with safety as the foremost priority. Following this development, the Company expects the remaining suspended offshore rigs to commence operations in the second half of 2026, restoring full activity across the offshore fleet. As a result, offshore fleet utilization is projected to reach 100% by the end of 2026, reflecting a full recovery from the temporary disruption and a return to normalized operating conditions. Arabian Drilling remains committed to delivering reliable drilling services, maximizing fleet utilization, and creating long-term value for its shareholders, clients, and partners. |
| Attached Documents | Attached Documents |
ARABIAN DRILLING RECEIVES NOTICE OF RESUMPTION FOR THREE OFFSHORE RIGS
AI Summary
- Arabian Drilling received notice to resume operations for three offshore rigs that were previously suspended earlier in 2026.
- The company expects all remaining suspended offshore rigs to commence operations in the second half of 2026.
- Offshore fleet utilization is projected to reach 100% by the end of 2026, restoring full activity across the offshore fleet.
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