Riyadh, 15th January of 2025
Under the patronage of His Excellency, Mr. Bandar Alkhorayef, the Saudi Arabian Minister of Industry and Mineral Resources, ARGAS, The Arabian Geophysical & Surveying Company, a leading provider of integrated geosciences and engineering solutions, and Christensen Group (Christensen, BOYTEC and Geotec, through its entities in Latin America and with offices, facilities and manufacturing plants in Chile and Peru), a global leader of drilling technologies and services, have announced today, a strategic business agreement to collaborate on enhancing mining downhole tools and drill bits to best-fit the geology of the Kingdom of Saudi Arabia.
This collaboration will leverage ARGAS’s deep understanding of the Saudi Arabian mining sector and Christensen Group’s cutting-edge drilling technologies and expertise.
The agreement supports the availability of best available products and enable the implementation of fit for purpose innovative mining drilling solutions to enhance drilling performance, penetration rates, maximize drilling time, and minimize downtime. This agreement will prioritize safety in all drilling operations by implementing best practices and utilizing advanced safety technologies.
“bringing world-class drilling technologies to the Kingdom’s mining sector,” said Moath Al Rawi, the Chief Executive Officer of ARGAS. “This collaboration aims to enhance mining drilling efficiency and sustainability of our operations in the Kingdom.”
“partnering with ARGAS is aiming to leverage local content and expertise,” said Eugenio Eguiguren, Executive Vice President of Christensen. “Together, we will offer to the drilling market the best tools as diamond bits, drill pipe and downhole tools. Also, we will deliver innovative drilling solutions that meet the unique needs of the Saudi Arabian mining industry.”
This agreement marks a significant step forward in advancing the Saudi mining industry by combining ARGAS’s local knowledge with Christensen Group’s expertise. The partnership aims to deliver significant value to mining operators throughout the Kingdom in light of Vision 2023.
About ARGAS
ARGAS was established in 1966 as a leading Geological and Geophysical company in the Middle East. Over the years, ARGAS expended its services to serve multiple industries, including mining, energy, and construction by offering a fully integrated and comprehensive range of Geoscience solutions.
About Christensen
Founded in 1975, a leading mining product manufacturer that deploys solid and supportive response, marked by the quality and engineering solutions, serving mining and water drilling industries with highest degree of health, safety and environment awareness.
