The first well in Masirah Oil’s latest Yumna campaign is expected to begin producing in November 2026. The company operates and holds a 100% interest in Oman’s offshore Block 50 concession.
Arabian Drilling has signed a four-year SAR 2 billion contract with Khafji Joint Operations for four offshore jack-up rigs, lifting its total backlog to approximately SAR 18 billion.
Arabian Drilling has signed an Oman offshore contract with Masirah Oil and Northern Offshore for two firm wells and two optional wells, with work due to start before the end of Q3 2026.
Arabian Drilling has received notice to resume three offshore rigs suspended earlier in 2026, with full offshore fleet utilisation expected by year-end.
Arabian Drilling has suspended operations on several offshore rigs in the Gulf under safety protocols, while its active land fleet of 39 rigs continues operating without disruption.
Arabian Drilling restarted recalled rigs and scheduled another to begin on 2 March 2026, while launching its first GCC international offshore contract focused on exploration work.
Arabian Drilling appoints Fahad Al Bani as CEO after Ghassan Mirdad resigns for personal reasons, citing Al Bani’s nearly three decades of upstream and drilling experience.
Arabian Drilling received notice to resume two offshore rigs at market day rates, with operations starting in Q1 2026 and offshore utilization reaching 100% in Q2.
