ADES Wins 195M SAR Angola Drilling Extension
Riyadh, Saudi Arabia — ADES Holding Co. has received notice that a major international oil company has exercised a one-year option extension for the Shelf Drilling Tenacious rig in Angola. The extension adds approximately 195 million SAR (around 52 million USD) to ADES’ backlog. The notification was announced on October 27, 2026. The extended period […] The post ADES Wins 195M SAR Angola Drilling…
Saudi Arabian drilling services company ADES Holding Co. has received notice that an international oil firm has exercised an option to extend the contract for its Shelf Drilling Tenacious rig in Angola. This one-year extension adds roughly 195 million SAR (approximately 52 million USD) to ADES' backlog. The extension begins immediately following the rig's current contract in the first quarter of 2027, ensuring continuous deployment of the Tenacious without any period of inactivity.
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