Shelf Drilling and Arabian Drilling sign MOU for international expansion

Arabian Drilling and Shelf Drilling have signed a memorandum of understanding (MoU) with the intention of forming a strategic alliance to deploy some of Arabian Drilling's jack-up rigs internationally and expand the reach and capabilities of both companies.

Arabian Drilling is the largest onshore and offshore drilling company in Saudi Arabia by fleet size, and Shelf Drilling is a shallow water offshore drilling contractor with rig operations across the Middle East, Southeast Asia, India, West Africa, the Mediterranean and the North Sea.

"Under the alliance, Arabian Drilling will gain access to Shelf Drilling's extensive international operating platform and diverse customer relationships," said Arab Drilling in a statement.

"Shelf Drilling will seek to use some of Arabian Drilling's high-specification jack-up rigs to meet specific contract requirements."

"The alliance marks a significant step in our commitment to delivering operational excellence and best-in-class services to our customers," added Greg O'Brien, CEO of Shelf Drilling.

"By leveraging Shelf Drilling's extensive international presence, unique focus on safety, and fit-for- purpose business strategy with Arabian Orilling's premium jack-up rigs, we are well-positioned to unlock new opportunities in our core markets and drive value for our stakeholders."