Saudi Arabia Drilling Rigs Market| Growth, Trends,
In January 2020, ARO Drilling, a 50-50 joint venture (JV) between offshore drilling contractor Valaris and state-owned oil firm Saudi Aramco, has ordered two newbuild jackup rigs. According to Valaris, each new build are expected to cost approximately USD 175 million. They are expected to be constructed to the specifications laid out by Saudi Aramco.
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