Arabian Drilling Lands SAR2 Billion Contract Expansion with Khafji Joint Operations

04:06 AM EDT, 09/29/2026 (MT Newswires) -- Arabian Drilling Co. (SASE:2381) signed a new 2 billion-Saudi-riyal contract to deliver four high-specification offshore jack-up drilling rigs to Khafji Joint Operations, or KJO. The four-year agreement represents a 200% increase in the oilfield services company's drilling rig deployment to KJO and raises its overall backlog to 18 billion riyals, according to a Tuesday filing.