Saudi marketUpdated November 9

Contract backlog grew to SAR 37.69 billion as rig utilization hit 98%.

ADES’s contracted backlog stood at SAR 37.69 billion on September 30, up from SAR 34.71 billion at the end of 2025. The weighted average remaining contract term was 4.39 years. Rig utilization was 98% during the first nine months, just below the 98.3% recorded a year earlier.

2 publishers2 reports

Coverage started November 9