| Element List |
Explanation |
| Introduction |
New Offshore Contract |
| Date of Announcement of the Award |
2022-11-27 Corresponding to 1444-05-03 |
| Contract Subject Matter |
Arabian Drilling announces a new 5-year signed contract for one offshore jack up unit with Aramco for an approximate contract value of more than SAR 650 million |
| Date of Signing the Contract |
2022-11-27 Corresponding to 1444-05-03 |
| Contract Value |
Contract value is more than SAR 650 million |
| Contract Details |
Arabian Drilling will supply an offshore jack up unit with full crew to perform offshore drilling services in the Kingdom of Saudi Arabia. The contract is expected to commence operations in Q3 2023 |
| Contract Duration |
5 Years |
| Financial Impact and the Relevant Period |
Contribution to the company's revenue is expected to start in Q3 2023 |
| Related Parties |
None |
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