Publisher: Maaal International Media Company
License: 465734
Friday, 18 April 2025
ADES: 10-Year Offshore Jackup Contract Renewal in Saudi Arabia with Aramco
Ades Holding Co. announced on Thursday in a clarification statement on Tadawul that the 10-year contract renewal for one of its suspended offshore jackups in Saudi Arabia, announced yesterday, was with Saudi Aramco.
The Company stated that the jackup was among six whose operations had previously been suspended. It added that the cumulative value of the jackup contract is SAR 1.088 billion.
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