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Arabian Drilling secures $528 million contract with KJO for offshore drilling support.

Sep 29, 2026

Contract Type

contract

Saudi ArabiaEnergyOil And Gas

Description

Arabian Drilling has signed a SAR2 billion ($528 million) contract with Khafji Joint Operations (KJO) to provide four offshore jack-up drilling rigs. This four-year deal is the largest single offshore drilling award from KJO and will significantly expand Arabian Drilling's operational capacity.

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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Fundz is a real-time business intelligence platform powered by agentic AI that proactively delivers personalized daily signals, including funding rounds, executive changes, M&A activity, 13F institutional filings, SEC 8-K events, investor activity, and website modifications, based on each user's watchlist and ICP. A trusted data source at firms such as BlackRock, Oracle, Kleiner Perkins, LinkedIn, HubSpot, and Cloudflare, Fundz democratizes the institutional-grade intelligence that previously required a PitchBook or Bloomberg terminal. Features include FundzWatch™ for automated website change detection, Daily Briefing for AI-powered daily briefings, and unified cross-signal alerts across 281,000+ organizations. Developers and data teams can access these signals programmatically via the Fundz Funding Data API, with transparent published pricing.