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Arabian Drilling Wins $173mn Aramco offshore Contract

Arabian Drilling Company, a leading oil and gas drilling contractor in Saudi Arabia, has announced that it has secured a five-year offshore contract worth more than SR650 million ($173 million) from Saudi oil giant Aramco.

 

As per the agreement, Arabian Drilling will supply an offshore jack up unit with full crew to perform drilling services in the kingdom, stated the company in its filing to Saudi bourse Tadawul.

 

The contract is expected to commence operations during the third quarter, it added.

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