ADES Holdings Secures SAR 161 Million Contract to Operate Traditional Elevated Platform in Egypt

Holdings Company (“ADES”), a globally renowned provider of oil and gas drilling services, proudly announced on Sunday its successful market penetration and swift acquisition of new campaigns for three out of five rigs recently suspended in KSA. The company has been awarded a Direct Award of Contract (DAC) from Suez Oil Company (SUCO) in Egypt for a 21-month jackup drilling contract, valued at approximately SAR 161 million, to be executed in the Gulf of Suez. This achievement underscores ADES’ commitment to excellence and its ability to capitalize on emerging opportunities in the industry.