ADES Wins Contracts Worth SAR 2.42 Billion to Operate 6 Onshore Drilling Rigs in Kuwait

ADES Holding Company announced its continued expansion in Kuwait by securing contracts to operate six onshore drilling rigs, with an estimated value of SAR 2.42 billion. The company explained that the award includes new contracts for four of the company’s currently operating rigs in Kuwait, along with agreements for two newbuild units.

All contracts under the award are expected to commence during the second and third quarters of 2025, with a firm term of five years and an optional one-year extension.