On July 16, 2026, ADES Holding Co. announced the signing of a contract on July 15, 2026, with Seplat Energy Producing Nigeria Unlimited for offshore drilling services using the Shelf Drilling Odyssey jackup rig in Nigeria. The total contract value for the firm period, including mobilization and demobilization fees, is approximately SAR 375.3 million (USD 100.1 million), inclusive of ADES' in-country partner's share. The contract spans a two-year firm period, with two unpriced optional extension periods of one year each, and operations are expected to commence in the first quarter of 2027. This award further strengthens ADES' position in the Nigerian offshore drilling market, building on a series of contract wins in West and Central Africa during the first and second quarters of 2026, in support of the Group's strategy of securing long-term backlog and maintaining high fleet utilization.

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