{"id":102563,"date":"2025-11-18T00:00:00","date_gmt":"2025-11-18T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/ksa\/2025\/11\/18\/arabian-drilling-lands-sar-2-bn-in-rig-renewals\/"},"modified":"2025-11-18T00:00:00","modified_gmt":"2025-11-18T00:00:00","slug":"arabian-drilling-lands-sar-2-bn-in-rig-renewals","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/ksa\/2025\/11\/18\/arabian-drilling-lands-sar-2-bn-in-rig-renewals\/","title":{"rendered":"Arabian Drilling lands SAR 2 bn in rig renewals"},"content":{"rendered":"<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">\n<p class=\"tag-border-left\">OIL & GAS-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Arabian Drilling secured four rig-contract renewals worth more than SAR 2 <\/strong><strong>bn<\/strong>, adding 30 committed rig-years to its backlog and pushing the total to a record SAR 12.2 bn through the end of 2025, according to a <a target=\"_blank\" href=\"https:\/\/ent.news\/2025\/11\/1280.pdf\" style=\"\" rel=\"noopener\">press release (pdf)<\/a>. The renewals complete all planned extensions for this year, giving the contractor full visibility on next year\u2019s fleet commitments.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>What we know:<\/strong> Two of the renewed contracts cover rigs that were initially set to expire in 2026, while three of the four agreements fall under the batch of recently resumed contracts. The fourth is an already active contract that has now been extended. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>REMEMBER- <\/strong>Arabian Drilling <a target=\"_blank\" href=\"https:\/\/enterprise.news\/ksa\/en\/news\/story\/7e2591d0-3166-4f55-8ab1-f307dd323385\/\" style=\"\" rel=\"noopener\">secured<\/a> the extensions of four rig contracts with Aramco in July for a total combined backlog of SAR 1.4 bn. These extensions ranged from 1 to 10 years, raising the company\u2019s backlog at the time to SAR 11.1 bn.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">(<strong>** Tap or click the headline above to read this story with all of the links<\/strong> to our background and outside sources.)<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">\n<p class=\"tag-border-left\">DEBT WATCH-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong><a target=\"_blank\" href=\"https:\/\/web.derayah.com\/en\/\" style=\"\" rel=\"noopener\">Derayah Financial C<\/a><\/strong><strong><a target=\"_blank\" href=\"https:\/\/web.derayah.com\/en\/\" style=\"\" rel=\"noopener\">ompany<\/a><\/strong><strong> secured a SAR 500 mn shariah-compliant credit<\/strong><strong> facility from the Saudi National Bank<\/strong>, it said in a <a target=\"_blank\" href=\"https:\/\/www.saudiexchange.sa\/wps\/portal\/saudiexchange\/newsandreports\/issuer-news\/issuer-announcements\/issuer-announcements-details\/?anId=91565&anCat=1&cs=4084&locale=en\" style=\"\" rel=\"noopener\">disclosure to Tadawul<\/a> yesterday. The financing, secured against a promissory note, runs from 16 November 2025 to 30 November 2026 and is renewable. The funding will support Derayah\u2019s core operations, including the expansion of its brokerage services and the launch of direct margin lending products.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>This pushed Arabian Drilling\u2019s backlog to a record SAR 12.2 bn<\/p>\n","protected":false},"author":1,"featured_media":102564,"comment_status":"","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[2564],"tags":[54,961,1841,10,1115],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-102563","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-also-on-our-radar","tag-also-on-our-radar","tag-arabian-drilling","tag-derayah-financial","tag-enterpriseam-ksa","tag-saudi-national-bank-snb","wpautop","entry"],"acf":{"mongo_id":"b5c9d91e-ff67-49f1-8c98-7978ebb2aadf","order":"12","is_powered_by":false,"story_type":"1","photo_url":"https:\/\/ent.news\/2024\/11\/1368.jpg","photo_position":"above","homepage_title":"","full_issue_title":"Arabian Drilling lands SAR 2 bn in rig renewals","related_issue":[102542],"teaser":"This pushed Arabian Drilling\u2019s backlog to a record SAR 12.2 bn","voice_url":"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2025\/11\/.6fe26b97-2756-4b1a-b1af-fd56282297d4.mp3"},"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.1 (Yoast SEO v27.1.1) - 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