Latest Breaking News On - Arabian drilling - Page 7 : comparemela.com
Closing bell: TASI closes flat at 11,464 points; total trade volume at $1 4bn
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Who s Who: Ghassan Mirdad, CEO of Arabian Drilling
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Saudi Aramco extends multiple drilling contracts as rig boom continues
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Saudi Aramco extended several contracts worth close to $800 million with the Arabian Drilling Company (ADC) that were due to expire in 2023. The contracts have been extended from three to ten years, the company said in a statement. The company noted that the financial impact of this extension is expected to be reflected in the results of the third quarter of the fiscal year 2023. The Arabian Drilling, listed on Tadawul, specializes in onshore and offshore drilling activities in the Kingdom.