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Arabian Drilling extends long-term partnership with Saudi Aramco

Nov 12, 2024•over 1 year ago

Contract Type

partnership

Saudi ArabiaEnergyOil And Gas

Description

Arabian Drilling Company announced the extension of a long-term partnership with Saudi Arabian Oil Company, Aramco. The contract will be extended for ten years, starting immediately after the current contract ends in the last quarter of 2024, with a total value of 440 million Saudi riyals.

Company Information

Company

Arabian Drilling Company

Location

Saudi Arabia

About

Arabian Drilling Company is the largest national company in the field of onshore and offshore drilling within the Kingdom of Saudi Arabia.

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Based on industry data
Strategic partnership established
Partnership agreements typically involve technology integration and joint go-to-market strategies
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Companies with recent agreements are 2.3x more likely to make additional purchases within 6 months

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