BRIEF-ADES Holding Announces Contract Extension For Shelf Drilling Winner

ADES

ADES

2382.SA

0.00

May 17 (Reuters) - ADES Holding Company Listed JSC 2382.SE:

  • ADES HOLDING - ANNOUNCES CONTRACT EXTENSION FOR SHELF DRILLING WINNER, INCREASING FIRM BACKLOG AND EXTENDING REVENUE VISIBILITY

  • ADES HOLDING - TOTAL POTENTIAL CONTRACT VALUE, INCLUDING NEW FIRM TERM AND BOTH OPTIONAL EXTENSION PERIODS, APPROX SAR 832.24 MILLION

  • ADES HOLDING - CONTRACT HAS THREE-YEAR FIRM TERM, WITH TWO ADDITIONAL ONE-YEAR OPTIONS

  • ADES HOLDING- CONTRACT WITH TENAZ FOR OPERATIONS IN DUTCH SECTOR OF NORTH SEA EXTENDED, CONVERTING INITIAL ONE-YEAR FIRM TERM INTO 3-YEAR FIRM TERM

Source text: [ID:]

Further company coverage: 2382.SE


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