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  3. Iran conflict widens gap between Saudi drilling rivals

AGBI

Iran conflict widens gap between Saudi drilling rivals

Saudi Arabia’s two biggest drilling contractors reported sharply contrasting second-quarter results as Ades Holding benefitted from its expansion overseas, while offshore rig suspensions as a result of the Iran war pushed rival Arabian Drilling into a loss. Ades Holding, Saudi Arabia’s largest driller, reported a 36 percent increase in revenue to SAR2.2 billion ($588 million) […]

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By Pramod Kumar

10 August 2026|1 min read|AGBI
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Industry Events

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