Arabian Drilling to Resume Operations for Three Offshore Rigs

Arabian Drilling received formal notification to restart three offshore drilling rigs whose activities were suspended in early 2026 as a precaution over regional conditions, the company said in a bourse filing. The restart is expected within weeks.

The contractor expects its remaining suspended offshore rigs to return during the current half of the year. Once fully reactivated, offshore fleet utilization should reach 100% by the end of 2026, the filing said.

CEO Ghassan Mirdad said the resumption reflects operational readiness and coordination with clients and authorities. Arabian Drilling counts Saudi Arabian Oil Company and SLB among its major clients and partners. SLB, an oilfield services provider, carries an Alpha Score of 52/100, labeled Mixed in AlphaScala's energy sector coverage.

On Jan. 13, the company signed three contract extensions for land rigs with a combined value of SAR 1.40 billion.