DHAHRAN, March 12, 2018: International Maritime Industries (IMI) and long-term partnerSaudi Aramco Rowan Offshore Drilling Company (ARO Drilling), have selected a new LJ43 rigdesign for ARO Drilling’s new rig build program. The new design was developed incollaboration with GustoMSC and Lamprell. It was previously announced that IMI will build 20rigs over the next 10-years for ARO Drilling.
The parties will commence contract negotiation indue course.Kelly McHenry, CEO of ARO Drilling, stated “We are very excited about the potential for theserigs given our expectation for continued oil and gas growth and development in the Kingdomand with Saudi Aramco. The LJ43 enables highly efficient drilling through new technology,including the X-Y cantilever which has a new innovative blowout preventer handling systemand enhanced skidding capabilities.
”“We are excited to begin our rig building operations constructing these advanced drilling rigsfor ARO Drilling,” said Fathi K. Al-Saleem, IMI Chief Executive Officer. “The long-termpartnership we have in place will enable ARO Drilling to realize a more attractive return oninvestment and competitive lifecycle costs from our localized supply chain ecosystem andcutting-edge technology,” continued Al-Saleem.ARO Drilling will be the first company to take delivery of the LJ43 rigs designed specifically forthe regional operating conditions and built at the new IMI Maritime Yard at Ras Al-Khair.
It isanticipated that engineering, procurement and construction of the first rig will begin in July 2018.