Nabors Industries to Resume SANAD Joint Operations in Saudi Arabia by 2026

Nabors Industries to Resume Operations in Saudi Arabia's SANAD Joint Venture

Nabors Industries Ltd. announces a significant development regarding its land drilling joint venture in Saudi Arabia, SANAD, which has received the green light to resume operations for two rigs that were previously suspended. The resumption is scheduled for March and June 2026, respectively. This decision comes as part of an extended drilling contract, which now aligns with the duration of the rigs' suspension, underscoring Nabors' commitment to maintaining its operational efficiency in the region. Anthony G. Petrello, the company’s Chairman, CEO, and President, highlights SANAD's pivotal role in the Kingdom's energy landscape, asserting that it stands as the largest land drilling contractor in Saudi Arabia.

The resumption of operations not only marks a recovery for Nabors but also aligns with the broader strategy of enhancing the Kingdom's energy resource development. In a region rich in hydrocarbon assets, SANAD is positioned to leverage Nabors' advanced technologies and expertise in drilling and engineering, which are critical for maximizing resource extraction while adhering to safety and environmental standards. With over 20 countries in its operational footprint, Nabors is committed to promoting responsible energy production and supporting the transition to a lower-carbon economy, reinforcing its standing as a leader in energy technology.

This development signals a positive trajectory for Nabors Industries, particularly given the strategic importance of the Saudi Arabian market for the company’s growth. As global energy dynamics evolve, the ability to resume operations in such a key market not only strengthens Nabors' portfolio but also reinforces its reputation as a reliable partner in the energy sector. The announcement also includes forward-looking statements regarding operational performance, although Nabors cautions that actual results may vary due to inherent risks and uncertainties.

In addition to the operational update, Nabors Industries emphasizes its dedication to innovation and technology in the energy sector, positioning itself as a vital contributor to advancing energy efficiency and sustainability. The company's focus on automation, data science, and advanced manufacturing processes showcases its commitment to redefining energy production practices in the face of changing market demands.

The announcement of the SANAD joint venture's operational resumption is a critical step forward for Nabors Industries, reaffirming its strategic focus on key markets while fostering energy innovation. As the company prepares to bring the rigs back into service, it continues to solidify its role as a leader in the global energy technology landscape.