ARO Drilling, a joint venture (JV) of Saudi Aramco and Rowan Companies, has secured six three-year Saudi Arabian drilling contracts for Rowan jack-up rigs.

The contracts are offered by Saudi Aramco and will commence following the completion of existing contracts of the rigs later this year.

Go deeper with GlobalData

Premium Insights

The gold standard of business intelligence.

Find out more

Under the contracts, ARO Drilling will lease the Rowan Middletown, Charles Rowan and Arch Rowan rigs next month followed by the lease of Rowan Mississippi rig in December this year.

Rowan Companies president and CEO Tom Burke said: “Our partnership with Saudi Aramco in ARO Drilling and our operational track record in the Middle East have paved the way for this award of 18 years of jack-up backlog.

"We believe these six three-year contract awards, and the five three-year contracts awarded earlier this year, continue to demonstrate the value ARO Drilling will create over the coming years."

“We believe these six three-year contract awards, and the five three-year contracts awarded earlier this year, continue to demonstrate the value ARO Drilling will create over the coming years.”

In addition, the Saudi Arabian drilling contracts cover the acquisition of Scooter Yeargain and Hank Boswell rigs by ARO Drilling in October this year.

How well do you really know your competitors?

Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.

Company Profile – free sample

Thank you!

Your download email will arrive shortly

Not ready to buy yet? Download a free sample

We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form

By GlobalData
Visit our Privacy Policy for more information about our services, how we may use, process and share your personal data, including information of your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.

Following the transfer of ownership to the JV, ARO Drilling will implement the new drilling contracts.

In April this year, ARO secured four three-year drilling contracts to lease idle jack-up rigs from Rowan. The contract covers the EXL I, EXL IV, Bess Brants and Earnest Dees rigs.

Based in the US, Rowan offers contract drilling services through a fleet of 27 mobile offshore drilling units including 23 self-elevating jack-up rigs and four ultra-deepwater drillships.

ARO Drilling currently owns a fleet of five self-elevating jack-up rigs in the Arabian Gulf.