ARO Drilling awards jack-up drilling rigs contract to IMI

ARO Drilling has awarded a couple of contracts to International Maritime Industries (IMI) for the construction of two LETOURNEAU Super 116E Class offshore jack-up drilling units.

The offshore drilling contractor, which is a 50:50 joint venture between Saudi Arabian Oil Company (Saudi Aramco) and Valaris, said that the delivery of the first rig is likely to be in Q1 2022, while the second rig will be in Q2 2022.

ARO Drilling said that after delivery, each rig is likely to get an eight-year commitment with Saudi Aramco for operations in Saudi Arabia and after that based on some conditions, additional commitments of up to a total of eight years.

Kelly McHenry – CEO of ARO Drilling said: “ARO is fully committed to Saudi Arabia’s Vision 2030 and, more specifically, to the transformation of in-Kingdom companies into best-in-class drillers and manufacturers. The rig construction project is a significant step toward achieving this transformation.”

Currently, ARO Drilling operates a fleet of 16 high-specification and premium jack-up rigs in Saudi Arabia.

ARO Drilling awards jack-up drilling rigs contract to International Maritime Industries. Photo courtesy of Chickenonline from Pixabay.