Saudi Aramco Rowan Offshore Drilling Company

Kingdom 1 and 2 Drilling Rigs Project - Financing

Industry
Oil & gas/Oil - Upstream (Exploration and production)
Area of finance
Project & Infrastructure Finance
Region
Middle East
Middle East
Countries
Saudi Arabia

Deal Overview

ARO Drilling secured $359 million in financing through collaboration with a syndicate of Saudi Arabian banks. The funds were earmarked for the construction of their first two cutting-edge jack-up drilling rigs, Kingdom 1 and Kingdom 2, at a state-of-the-art shipyard in Ras Al Khair, aligning with...

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Deal Volume
$358.7m
Financial Close
15/10/2023
Dealmakers
Sources
Submitted by participant(s),

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Project Deals

Kingdom 1 and 2 Drilling Rigs Project
$359m
Greenfield
Oil - Upstream (Exploration and production)
Middle East
Middle East
Saudi Arabia