The new design was developed in collaboration with GustoMSC and Lamprell. It was previously announced that IMI will build 20 rigs over the next 10-years for ARO Drilling. The parties will commence contract negotiation in due course.
Kelly McHenry, CEO of ARO Drilling, stated “We are very excited about the potential for these rigs given our expectation for continued oil and gas growth and development in the Kingdom and 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 system and enhanced skidding capabilities.”
“We are excited to begin our rig building operations constructing these advanced drilling rigs for ARO Drilling,” said Fathi K. Al-Saleem, IMI Chief Executive Officer. “The long-term partnership we have in place will enable ARO Drilling to realize a more attractive return on investment and competitive lifecycle costs from our localized supply chain ecosystem and cutting-edge technology,” continued Al-Saleem.
ARO Drilling will be the first company to take delivery of the LJ43 rigs designed specifically for the regional operating conditions and built at the new IMI Maritime Yard at Ras Al-Khair. It is anticipated that engineering, procurement and construction of the first rig will begin in July 2018.