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ARO Drilling Awarded Six Three-Year Contracts by Saudi Aramco

ARO Drilling announced that it has been awarded six three-year contracts by Saudi Aramco for Rowan jack-up rigs currently operating in Saudi Arabia. These new contracts will commence upon completion of the rigs’ existing contracts later this year.

ARO Drilling is expected to lease the Rowan Middletown, Charles Rowan, and Arch Rowan in September, and the Rowan Mississippi is expected to be leased in December to fulfill these new drilling contracts. The Scooter Yeargain and Hank Boswell, which as previously announced will be sold to ARO Drilling in October, will immediately commence their new drilling contracts upon the rig ownership transfer to ARO Drilling.

ARO Drilling is a provider of contract drilling services with a fleet of five self-elevating jack-up rigs. Two additional rigs will be added in late 2018. Additionally, ARO Drilling has committed to purchase twenty jack-up rigs to be constructed by a Saudi Aramco manufacturing joint venture that are expected to be delivered between 2021 and 2030.