In its announcement of a 4.1% revenue increase over the last year, Arabian Drilling listed HSE amongst its four top strategic priorities for 2025.
The addition of 13 unconventional land rigs in 2024 brings the operator's total fleet to 59. That increase represents a 20.4% growth against 2023.
Ghassan Mirdad, Arabian Drilling's CEO, described last year's performance as "strong and resilient."
CFO Hubert Lafeuille added, "Our strong balance sheet enables us to pursue geographical expansion, enhancing our ability to swiftly reposition ourselves to capture targeted growth opportunities that require our expertise."
Part of that repositioning includes the realignment of Arabian Drilling's strategic priorities for 2025, centring its approach around four pillars: increasing fleet utilisation, supporting the Kingdom's energy transition, expanding globally, and enhancing HSE activities.
The operator anticipates that Q1 2025 will maintain Q4 2024 performance and momentum.
Arabian Drilling lists HSE as one of four top priorities for 2025
