ARO Drilling announced today that it received a notice of suspension from Aramco for one of its 19 contracted rigs, jackup EXL I. The rig’s contract was previously scheduled to end in December 2024.
The suspension notice is for a period of up to twelve months and the Company is in discussions with Aramco to determine the effective date of the suspension. During the suspension period, ARO will have the right to terminate the drilling contract with Aramco. ARO leases EXL I (VALARIS 143) from Valaris under a bareboat charter agreement.