Arabian Drilling forms alliance with Shelf Drilling to expand international reach

Offshore rig owners Arabian Drilling and Shelf Drilling have signed a memorandum of understanding to form a strategic alliance.

Under the agreement, Shelf Drilling will seek to use some of Arabian Drilling’s high-specification jackup rigs to meet contract requirements.

By combining resources, the alliance will be positioned to deliver services to customers and increase the competitiveness of both companies.

“Shelf Drilling’s expertise and international presence will bring our advanced, high-specification rigs to new markets. The alliance is an exciting new opportunity to create value,” said Ghassan Mirdad, CEO of Arabian Drilling.

“By leveraging Shelf Drilling’s extensive international presence, unique focus on safety, and fit-for-purpose business strategy with Arabian Drilling’s premium jackup rigs, we are well-positioned to unlock new opportunities in our core markets and drive value for our stakeholders,” added Greg O’Brien, CEO of Shelf Drilling.

Arabian Drilling is the largest onshore and offshore drilling company in Saudi Arabia by fleet size and currently has 12 jackup rigs in its fleet.