Arabian Drilling reports record orders backlog on high demand
November 5, 2023 Comments Off
Arabian Drilling, which provides drilling rigs for onshore and offshore oil and natural gas projects in Saudi Arabia and the Neutral Zone shared with Kuwait, reported a record high orders backlog of Riyals 12.7 billion ($3.39 billion) as of Sept. 30. The average remaining contract tenure for the 47 active rigs is 25 years per rig, the company said in…
Arabian Drilling reports record orders backlog on high demand
Arabian Drilling, which provides drilling rigs for onshore and offshore oil and natural gas projects in Saudi Arabia and the Neutral Zone shared with Kuwait, reported a record high orders backlog of Riyals 12.7 billion ($3.39 billion) as of Sept. 30. The average remaining contract tenure for the 47 active rigs is 25 years per rig, the company said in…
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