Arabian Drilling has suspended operations on several offshore rigs in the Gulf due to ongoing tensions in the Middle East.
The company said the move was taken under its established safety and operational protocols, with the protection of personnel and assets as the priority.
The suspension applies only to some offshore rigs. Arabian Drilling said its active land fleet of 39 rigs continues to operate at full capacity without disruption.
The company also said it expects the financial impact in the first quarter to be minimal.
The move came one day after ADES suspended operations on a number of offshore rigs in the Gulf for the same reason. According to the company’s statement, those suspensions are expected to be short-term.