Arabian Drilling’s Saudi Exchange disclosure reports a five-year agreement signed with SLB on September 13. It provides eight additional land rigs for integrated gas drilling projects, worth approximately SAR 2 billion.
Rigs will be reactivated from the existing fleet. Revenue contributions are expected from the fourth quarter of 2026. This does not announce newly manufactured rigs or completed gas wells; SLB is a major shareholder in Arabian Drilling.
In an IEA scenario, electricity could cost-effectively supply 33 percent of final energy use by 2035; projected import savings are not realized outcomes.
The utility’s long-term plan projects lower emissions despite rising electricity demand; its solar, battery and reverse-osmosis targets are not completed outcomes.
Emirates News Agency (WAM), citing Emirates Water and Electricity Company (EWEC)4 min read
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