Arabian Drilling Restarts Three Offshore Rigs After Suspension

The suspensions began in the first quarter. The company said at the time that it pulled the rigs offline out of caution, not because of damage or a contractual dispute.

Resuming operations restores a revenue stream that had been idled for months. The three offshore units represent about 10% of Arabian Drilling's total fleet of 30 rigs across Saudi Arabia and the wider Middle East. Offshore rigs typically command higher dayrates than onshore units. The restart restores a higher-margin revenue stream.

The precautionary suspension was tied to regional developments. The resumption follows an assessment of operating conditions, the company said.

Arabian Drilling operates 30 rigs. The three offshore units account for about 10% of that total.