-+ 0.00%
-+ 0.00%
-+ 0.00%

Arabian Drilling Wins SAR2 Billion Land Rigs Contract from SLB Schlumberger Middle East

MT Newswires·09/14/2026 02:19:38
Listen to the news
02:19 AM EDT, 09/14/2026 (MT Newswires) -- Arabian Drilling (SASE:2381) secured a contract from SLB Schlumberger Middle East to supply eight additional land rigs for gas lump sum turnkey, or LSTK, operations. The five-year contract is valued at 2 billion Saudi riyals and involves redeploying rigs from the oilfield services company's existing available land rig fleet, according to a Monday release. Arabian Drilling expects the contract to begin contributing to its results from the fourth quarter.