Saudi Arabia's Arabian Drilling And Shelf Drilling Form Strategic Alliance For Global Operations

Arabian Drilling, a leading drilling company in Saudi Arabia, has entered into a strategic partnership with Shelf Drilling, a top international offshore drilling contractor, to enhance their global operations. This collaboration aims to utilize some of Arabian Drilling's high-grade jack-up rigs on a global scale, thereby extending the capabilities and market presence of both entities.

Arabian Drilling is recognized for having the largest fleet of onshore and offshore drilling rigs in Saudi Arabia, while Shelf Drilling boasts a robust operation across various key regions including the Middle East, Southeast Asia, and West Africa, among others.

The alliance is set to capitalize on the combined strengths of both companies, offering Arabian Drilling an opportunity to access Shelf Drilling's vast international network and client base. Conversely, Shelf Drilling will benefit from deploying Arabian Drilling's advanced jack-up rigs to fulfill specific project needs.

Ghassan Mirdad, Arabian Drilling's CEO, said, "The Alliance gives us a clear path to execute our strategy to develop an international footprint. Shelf Drilling's expertise and international presence will bring our advanced, high-specification rigs to new markets. We see a strong cultural fit and a common focus on the highest Health, Safety and Environmental standards. The Alliance is an exciting new opportunity to create value," Mirdad stated, emphasizing the shared commitment to maintaining high standards in health, safety, and environmental practices.

Echoing this sentiment, Greg O'Brien, CEO of Shelf Drilling, underscored the strategic significance of the alliance in achieving operational excellence and superior service provision. "The Alliance marks a significant step in our commitment to delivering operational excellence and best-in-class services to our customers. By leveraging Shelf Drilling's extensive international presence, unique focus on safety, and fit-for-purpose business strategy with Arabian Drilling's premium jack-up rigs, we are well-positioned to unlock new opportunities in our core markets and drive value for our stakeholders," O'Brien remarked.