Saudi-based Arabian Drilling has signed its first international offshore drilling contract, marking a major milestone in the company’s growth strategy beyond its home base.
The deal signed with an undisclosed Gulf Cooperation Council (GCC) firm, is valued at SAR 75 million ($20 million) and will see drilling operations commence in Q1 2026. The scope includes preliminary drilling of exploration wells, expected to span 5 to 7 months, with potential for contract extension based on early results.
The announcement comes just two years after Arabian Drilling’s debut on the Saudi Stock Exchange (Tadawul) in November 2022.
Speaking on the development, CEO Ghassan Mirdad described it as a “strategic milestone” that affirms the company’s commitment to building a more flexible, sustainable, and globally competitive operation.
To support its regional ambitions, Arabian Drilling has also opened a new operational branch in Sharjah, UAE, which will serve as a hub for future GCC and international projects.
Earlier this month, the company extended contracts for five rigs one with Khafji Joint Operations (KJO) and four with Aramco, further solidifying its regional influence.
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