ADES Secures SAR 350 Million Contract to Operate Offshore Drilling Platform in Qatar

ADES Holding Company announced on Sunday its successful bid in Qatar’s market, receiving a new Letter of Award for a Jackup Drilling Rig valued at SAR 350 million.

The company clarified that this award comes from TotalEnergies, granting ADES the operation of a Jackup Drilling Rig in Qatar for a mandatory period of one year. Additionally, there is the potential for an 8-month extension based on optional contract awards.