Arabian Drilling Secures SAR 1.4 Billion Contract Extensions with Aramco, Boosting Stock Performance

Riyadh | EcoPulse24

Arabian Drilling Company announced the signing of three major onshore drilling contract extensions with Saudi Aramco, with a total value of SAR 1.4 billion, according to an official statement dated January 13, 2026. These extensions add significant value to the company’s future business record by introducing 25 new operational years.

According to the announcement, the extended contracts cover three onshore drilling rigs: one currently operational, a second set to commence operations by the end of the month, and a third currently suspended but expected to resume in 2026. The contract durations are split into ten years, ten years, and five years respectively.

The company clarified that these extensions build on a series of previous extensions announced on November 17, 2025, bringing the total number of extended contracts to seven, with a cumulative value of SAR 3.4 billion and 55 additional operational years added to the business portfolio.

On the stock performance front, Arabian Drilling saw a notable improvement during today’s trading session, with shares closing at SAR 103.8, up by SAR 2.3 or 2.27%. The total traded value was approximately SAR 65,767,911 across 636,447 shares, reflecting a positive investor response to the announcement.

Analysis
The signing of these extensions with Saudi Aramco underscores the strength of the operational relationship and the continued demand for onshore drilling services, providing Arabian Drilling with greater revenue visibility. The accumulation of operational years in the business portfolio reduces cyclical volatility risks and enhances the stability of operational cash flows, explaining the market’s positive reaction.