02:19 AM EDT, 09/14/2026 (MT Newswires) -- Arabian Drilling (SASE:2381) secured a contract from SLB Schlumberger Middle East to supply eight additional land rigs for gas lump sum turnkey, or LSTK, operations. The five-year contract is valued at 2 billion Saudi riyals and involves redeploying rigs from the oilfield services company's existing available land rig fleet, according to a Monday release. Arabian Drilling expects the contract to begin contributing to its results from the fourth quarter.

Disclaimer:This article represents the opinion of the author only. It does not represent the opinion of Webull, nor should it be viewed as an indication that Webull either agrees with or confirms the truthfulness or accuracy of the information. It should not be considered as investment advice from Webull or anyone else, nor should it be used as the basis of any investment decision.