ADES to Renew Contract for Offshore Rig in Saudi Arabia

ADES to Renew Contract for Offshore Rig in Saudi Arabia
Offshore drilling rig, Gulf of Mexico

ADES International is renewing its contract for the ultra-shallow water Admarine 67 rig for a client in Saudi Arabia for seven years, Pipeline Oil & Gas Magazine reported.

The seven-year contract comes with an optional two-year extension and will begin after the expiry of the first contract in Q1 2019, the company said.

“We now have a long-term contracted visibility, underlining our ability to consistently sustain our backlog due to our customer-centric approach that delivers a tailored service with superior quality and an impeccable safety record,” Mohamed Farouk, CEO of ADES International Holding, said.

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