ARO Drilling, a leading drilling solutions provider, is proud to announce the signing of five Memorandums of Understanding (MoUs) during the IKTVA Forum & Exhibition 2025.
Dhahran, Kingdom of Saudi Arabia, January 26, 2025 :
These agreements are a significant step in advancing localization efforts to drive supply chain efficiency and value across our operations, and to encourage the development of a diverse and globally competitive energy sector in the Kingdom.
The partnerships signed during the event reflect ARO Drilling’s commitment to fostering long-term collaborations with industry leaders across key sectors in the Kingdom of Saudi Arabia. These include:
Oil and Gas Services, Products, Engineering and logistics Providers:
ASMO:
ASMO (Advanced Supply Management Operations) is a joint venture between Saudi Aramco Development Company and DHL. This strategic partnership aims to explore opportunities for value creation in end-to-end supply chain services.
Seatrium Offshore Technology Arabia Limited:
Seatrium Offshore Technology Arabia, a subsidiary of the global leader Seatrium, specializes in innovative offshore engineering, construction, and technology solutions for the maritime and energy sectors in Saudi Arabia. This strategic collaboration with Seatrium focuses on enhancing rig maintenance, delivering top tier engineering support, ensuring the supply of high-quality parts, and exploring the construction of state of the art rigs.
HMH:
HMH is a premier drilling solutions provider, formed as an independent company in October 2021 through the merger of Baker Hughes’ (Nasdaq: BKR) Subsea Drilling Systems business and Akastor ASA’s wholly owned subsidiary, MHWirth AS . At its core, the partnership with HMH addresses the delivery of innovative well control solutions, comprehensive repair services, advanced digital optimization, and cutting-edge training programs. HMH excels in providing state of the art topside equipment for drilling packages and well control equipment for existing rigs and newbuild rigs. Our commitment to integrating the latest technology ensures that our Saudi based partners complement ARO with solutions that enable enhanced operational efficiency and safety performance.
SRI Energy:
SRI Energy, Inc. is a leading provider of oilfield equipment, systems and services used in the drilling and production of oil and gas; SRI Energy designs and manufactures turnkey solutions for global production and distribution products. The partnership with SRI Energy is focused around the provision of comprehensive repair services, high-quality parts supply, regular pressure testing, certifications, and manufacturing new equipment within Saudi Arabia.
DNV:
DNV (Det Norske Veritas) is an independent expert in assurance and risk management, headquartered in Norway. It is the world’s leading classification society and a recognized advisor for the maritime industry and specializes in providing services to various industries, including oil and gas. The framework of this collaboration addressed enhancing safety, regulatory compliance, and environmental performance by identifying gaps and driving continuous improvement in sustainability practices.
ARO Drilling CEO Mohamed Hegazi commented: “Our strategic partnerships, initiated at the IKTVA Forum & Exhibition 2025, are a vital part of our efforts to create innovative solutions, boost domestic value, and strengthen a localized yet globally competitive ecosystem. The signed MoUs represent significant investments, enhancing the localization of goods, services, and supply chain capacities while creating employment and workforce development opportunities for the Saudi workforce.”
ARO Drilling’s initiatives at the IKTVA Forum & Exhibition 2025 underscore its strategic focus on empowering local capabilities, enhancing efficiency, and opportunities within the energy sector. The company remains committed to delivering solutions that align with Saudi Vision 2030’s objectives of economic diversification and cultivating local business with the goal to retain 60-70% of all procurement spend in-Kingdom.