BRIEF-ADES Holding Signs Multi-Year Contracts For Three Jackup Rigs In Nigeria

ADES -1.16%

ADES

2382.SA

18.73

-1.16%

March 31 (Reuters) - ADES Holding Company Listed JSC 2382.SE:

  • ADES HOLDING - SIGNS MULTI-YEAR CONTRACTS FOR THREE JACKUP RIGS IN NIGERIA

  • ADES HOLDING - TOTAL CONTRACT VALUE INCLUDING MOBILIZATION AND DEMOBILIZATION FEES IS APPROXIMATELY SAR 2.73 BILLION

  • ADES HOLDING - OPERATIONS FOR THE THREE RIGS EXPECTED TO COMMENCE IN SECOND HALF OF 2026

  • ADES HOLDING -CONTRACT DURATION FOR EACH OF AWARDED RIGS IS THREE YEARS FIRM, WITH TWO-YEAR OPTIONAL EXTENSION

Source text: ID:nSSE6hBzgP

Further company coverage: 2382.SE


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