Publisher: Maaal International Media Company
License: 465734
Monday, 5 May 2025
ADES Holding Secures Long-term Contract Extension for Standard Jackup Rig in Saudi Arabia
ADES Holding Co. has secured a 10-year firm contract extension with a major national oil company in Saudi Arabia for its standard jack-up rig, Admarine 657.
The contract is valued at approximately SAR 1.317 billion and will commence in the third quarter of 2024, immediately upon the expiry of the current contract term.
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