---
title: "Arabian Drilling Company (TADAWUL:2381) Adds SAR2B to Backlog With 5-Year SLB Gas Rigs Deal"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/298945294.md"
description: "Arabian Drilling Company (TADAWUL:2381) signed a five-year contract with SLB for eight land rigs, adding approximately SAR2 billion to its backlog. Revenue from this deal is expected to begin in Q4 2026. This agreement contributes to a total backlog of around SAR16 billion and deepens ties with SLB, following recent awards totaling ~SAR5 billion."
datetime: "2026-09-14T16:25:27.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/298945294.md)
  - [en](https://longbridge.com/en/news/298945294.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/298945294.md)
generator: "portal-rs"
---

# Arabian Drilling Company (TADAWUL:2381) Adds SAR2B to Backlog With 5-Year SLB Gas Rigs Deal

Arabian Drilling signed a five-year contract with SLB for eight land rigs supporting gas LSTK operations, adding approximately SAR2B to its backlog. Revenue contribution is expected to start in Q4 2026.

**Material Details**

| # | Detail                         | AI Analyst View                                                          |
| - | ------------------------------ | ------------------------------------------------------------------------ |
| 1 | 5-yr SLB deal for 8 land rigs  | Multi-year utilization improves revenue visibility and fleet deployment. |
| 2 | Adds ~SAR2B to backlog         | Backlog growth supports future revenue; timing guides expectations.      |
| 3 | Revenue start expected Q4 2026 | Pushes cash flow impact to late 2026; near-term estimates unchanged.     |
| 4 | Rigs redeployed from fleet     | Limits capex needs; indicates available capacity being locked in.        |
| 5 | Two SLB deals add ~SAR5B total | Cumulative awards deepen SLB ties and scale committed work.              |
| 6 | Total backlog ~SAR16B          | Shows sizeable contracted pipeline; de-risks medium-term topline.        |

**Context by AI Analyst**

This extends a recent run of SLB awards, signaling sustained demand for Arabian Drilling’s land rigs and backlog expansion. A larger catalyst would be earlier revenue start, pricing disclosures, or additional awards that tighten near-term utilization and margin outlook.

Based on the original press release from Arabian Drilling Company distributed by Zawya.

**Disclaimer**

This is an AI-generated summary and may contain inaccuracies. Summary is based on content distributed by Zawya. Please verify any important information with the original source. This information is not a recommendation for what you should do personally and does not constitute investment advice.

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---
> **Disclaimer: This article is for reference only and does not constitute any investment advice.**