News & Events

New Build ( 20 by 2030 )

The offshore drilling market in Saudi Arabia is expected to expand, creating considerable demand for drilling operations. We are committed to purchasing up to 20 new build jack-up rigs over 10 years, built at International Maritime Industries in Ras Al-Khair, taking delivery of the first rig in Q4 2022. to meet Saudi Aramco’s offshore drilling requirements in the Kingdom which is purely aligned with our strategic objectives to:

1-Maintain security of rig supply
2-Enhance localization of the energy sector value chain
3-Increase Saudization and development of local capabilities