“Arab Drilling”: Temporary suspension of offshore platforms in the Gulf
The Arabian Drilling Company announced a temporary suspension of the operation of some offshore drilling platforms in the Arabian Gulf region, in light of developments related to the current regional situation.
The company said in a statement on its website "Saudi Arabia trading""It received notices to suspend the operation of some of its offshore platforms, as a precautionary measure, and in coordination with its customers and relevant stakeholders.
It noted that these steps were taken in accordance with the approved safety and operating systems of Arabian Drilling to give the highest priority to the protection of individuals and the safety of assets.
She explained that the active onshore drilling fleet of the Arabian Drilling Company, which includes 39 drilling platforms, is operating at full capacity without interruption, which highlights the strength of the company’s business model and its ability to continue its operations in the event of market fluctuations.
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Based on ongoing discussions with customers and assessment of recent developments, management believes that the suspension of operation is temporary in nature. The company is also fully prepared to resume operations as soon as regional tensions subside.
The company expects that the financial impact on the first quarter of 2026 will be limited, with recovery taking place as conditions return to normal and operations resume.
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