ARO Drilling has won four contracts from Saudi Aramco for Rowan jack-up rigs.
The company, a joint venture between the Saudi Arabian firm and U.S-based Rowan, says each contract is for a three-year term.
ARO will lease the EXL I, EXL IV, Bess Brants and Earnest Dees rigs for the work in the Kingdom.
Work for the EXL I and EXL IV is expected to start in Q3 of this year, and late 2018 or early next year for the Bess Brants and Earnest Dees.
Rowan will prepare the currently idle rigs for use ahead of the lease.
Tom Burke, president and chief executive of Rowan, said: “Our partnership with Saudi Aramco in ARO Drilling and our operational track record in the Middle East have paved the way for these awards.
“We are pleased with this significant addition to our backlog.
“We believe these awards demonstrate the value ARO Drilling will create over the coming years.”
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