Middle East drilling player ADES has signed a long-term renewal deal with Saudi Aramco for one of its offshore jack-up rigs, the contract for which was suspended last year by the state giant.

The rig, whose new charter is worth $290m approximately, was among six jack-ups whose contracts were suspended by Aramco last ...

ADES Holding Company has signed a contract renewal for one of its standard offshore jackup rigs with A Major National Oil Company on 7 April 2025. The unit was among the six suspended rigs that were ...

A world-leading provider of jackup and land rigs to the oil and gas industry, ADES has over 85 drillings rigs in operation across 7 countries. This agreement marks ADES' entry into the Brazilian ...

Financial terms were not disclosed, but Upstream reported that Constellation offered the ADES Holding-owned jack-up rig Admarine 511 for a price of about $147 million. Constellation proposed the ...

The commencement date of operations in Saudi Arabia will be confirmed later with the client. In April 2024, ADES suspended the operations at five of its 33 offshore jack-up rigs in the Kingdom, for a ...

ADES Holding Co. signed a drilling charter agreement for its premium jackup rig, Admarine 511, with Constellation to execute a contract with Petrobras in Brazil. The total additional backlog for the ...

Constellation will deploy the jack-up rig Admarine 511, owned by its commercial partner ADES Holding Co. The rig, currently in Bahrain, will be mobilized to Brazil and operate for a firm execution ...

The ADES Holding Company was established in 2022 as a Saudi company ... The oil and gas drilling company owns a fleet of 87 rigs across nine countries, including Saudi Arabia, Kuwait, Qatar, Egypt, ...

Saudi-based ADES Holding Company has announced that it has entered into a 4.5 year tenor charter agreement with Luxembourg-based Constellation Oil Services to execute a premium jackup rig ...